Add-on Acquisition • Energy Services and Equipment

Verdo A/S Acquires Industrivarme A/S

On June 30, 2016, Verdo A/S acquired energy services and equipment company Industrivarme A/S from Vækst-Invest Nordjylland

Acquisition Context
  • This is Verdo A/S’s 1st transaction in the Energy Services and Equipment sector.
  • This is Verdo A/S’s 1st transaction in Denmark.

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M&A Deal Summary

Date June 30, 2016
Target Industrivarme A/S
Sector Energy Services and Equipment
Buyer(s) Verdo A/S
Sellers(s) Vækst-Invest Nordjylland
Deal Type Add-on Acquisition
Advisor(s) Clearwater International (Financial)

Target Company

Industrivarme A/S

Storvorde, Denmark
Industrivarme A/S was a provider of complete solutions from the development of the energy plant until the product is fully installed at the customer. The company's primary business included sales of energy systems, energy consulting, piping installations, lease of heating and steam boiler plants, as well as service tasks, including chain surveillance. Industrivarme was formed in 1984 and was based in Storvorde, Denmark.
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Buyer Overview 1

Buyer

Verdo A/S

Randers, Denmark

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Verdo A/S is a green energy group focused on supplying green energy and sustainable solutions. Verdo is based in Randers, Denmark.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Denmark 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

Vækst-Invest Nordjylland

Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 300M DKK
Size Small
Type Sector Agnostic
DESCRIPTION

Vækst-Invest Nordjylland is a privately-owned investment fund focused on enterprises in Denmark. The Firm looks to invest in small and medium-sized companies generating sales of DKK 150 to 200 million and valued less than DKK 150 million. Vækst-Invest pursues a variety of transaction types, including management buyouts, growth financings, and stake purchases. Vækst-Invest was formed in 2008 and is based in Aalborg, Denmark.


Deal Context for Seller #
Overall 2 of 12
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 2 of 5
Country: Denmark 2 of 12
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Actulux A/S

Hadsund, Denmark

Actulux A/S is a developer of new generation of innovative opening systems for electrical opening and closing of skylights, glass facades, windows and smoke latches. Actulux A/S was formed in 2005 and is based in Hadsund, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Baron

Fredericia, Denmark

Baron develops, manufactures, and sells products for the construction industry under the two brands Baron and AK Products. The product range consists of forcing mixers, conveyors, and various types of tools and handling equipment aimed at landscapers and contractors. Baron was formed in 2007 and is based in Fredericia, Denmark.

Buy -