Add-on Acquisition • Manufacturing

VoW Acquires C. H. Evensen Industriovner

On March 17, 2022, VoW acquired manufacturer C. H. Evensen Industriovner for 50M NOK

Acquisition Context
  • This is VoW’s 1st transaction in the Manufacturing sector.
  • This is VoW’s largest (disclosed) transaction.
  • This is VoW’s 1st transaction in Norway.

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M&A Deal Summary

Date March 17, 2022
Target C. H. Evensen Industriovner
Sector Manufacturing
Buyer(s) VoW
Deal Type Add-on Acquisition
Deal Value 50M NOK

Target Company

C. H. Evensen Industriovner

Fredrikstad, Norway
C. H. Evensen Industriovner develops, designs and manufactures industrial furnaces and equipment for a variety of heat treatment processes. C. H. Evensen Industriovner was founded in 1937 and is based in Fredrikstad, Norway.
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Buyer Overview 1

Buyer

VoW

Tønsberg, Norway

Category Company
Founded 1993
Sector Environmental
Employees252
Revenue 1.0B NOK (2024)
DESCRIPTION

VoW develops and delivers major technology and solutions that purify wastewater and convert waste into valuable resources and clean energy. Cruise ships on every ocean have VoW ASA technology which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste and plastic management, and biogas production. VoW was founded in 1993 and is based in Tønsberg, Norway.


Deal Context for Buyer #
Overall 2 of 2
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 2 of 2
Country: Norway 1 of 1
Year: 2022 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 ETIA Ecotechnologies SAS

Compiègne cedex, France

ETIA Ecotechnologies SAS is a French engineering group specialized in innovation, equipment, and processes for continuous thermal treatment. ETIA Ecotechnologies SAS company designs and provides plants for processing biomass, food products, and industry residues, which are widespread in the sectors of environment, agro-food, and energy.

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