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Combining strengths
Eltel buys signalling company in Norway SCA to acquire Wausau Paper
Eltel has agreed to acquire VETE Signaltjenester AS in Norway. VETE is a recognised player in the Norwegian railway market with an important market position providing railwaysignalling services.
Eltel entered the Norwegian Rail market in 2012. Since then Eltel has successfully been able to capitalise on the growing market. To meet the growing customer demand Eltel has decided to increase its competences and resources in the signalling and safety segment. The acquisition of VETE complements Eltel’s current offering in Norway and provides clear synergies with the existing Rail business of Eltel.
VETE is leading in its segment in Norway with a turnover of approximately NOK 60 million in 2014. The company has 37 employees with specialised signalling and safety competences. Its product offering includes new installations, corrective and preventive maintenance, project management, engineering and advisory services within the railway signalling segment.
Fredrik Häggström, president of Eltel Rail & Road comments: “The acquisition of VETE is a good step for Eltel and aligned with our strategic plan in the Norwegian market. With VETE we can scale up our Norwegian business and further develop cross border co-operation between our Eltel entities.” Visit: www.eltelnetworks.com
Drylock invests in Italian company
Drylock Technologies, a producer of revolutionary baby and inco products in Europe and Russia, is proud to announce the acquisition of 100% of the shares in CIP Assorbenti near Milano. By integrating this fully dedicated femcare plant, Drylock enlarges its product portfolio and significantly increases its capacity of femcare production in the Russian Federation. Through the transaction, Drylock acquires a state-of-the-art facility, with lines producing up to 2400 pcs/min, and also gains a presence in South Europe with a solid customer portfolio in place.
CIP Assorbenti is located close to Milan, Italy and has been owned by the Family Lenzo for the past 38 years. Bart Van Malderen (CEO), previous owner of Ontex, comments that the employees of CIP Assorbenti will be integrated in the Drylock group structure, ensuring continuity of the existing femcare business. Drylock is convinced that this strategic acquisition will contribute further to its increasing internal growth and welcomes the customers, workforce and knowledge within CIP Assorbenti. Visit: www.drylock.eu SCA, a leading global hygiene and forest products company, and Wausau Paper Corp., a North American Away-from-Home tissue company, have announced that SCA will acquire Wausau Paper.
Wausau Paper is one of the largest Awayfrom-Home tissue companies in North America. With approximately 900 employees, the company manufactures and markets Away-from-Home towel and tissue products along with soap and dispensing systems through its Artisan™, DublNature®, DublSoft® and EcoSoft® brands. Wausau Paper’s advanced tissue technology with manufacturing flexibility enables it to produce its towels and tissue entirely from recycled paper, which will further contribute to SCA’s efforts to create environmentally-friendly products and extend its sustainability commitment.
“The Wausau Paper product portfolio complements SCA’s offerings in North America and gives us access to premium tissue in that region. We expect the acquisition to generate benefits for SCA and our customers,” says Magnus Groth, president and CEO, SCA.
The acquisition is expected to generate annual synergies amounting to approximately USD 40 million with full effect three years after closing. Synergies are expected in sourcing, production, logistics, reduced imports, increased volumes of premium products and reduced SG&A costs. Visit: www.sca.com
Ginolis to acquire business of Wegera Oy
Ginolis, the manufacturing solutions provider for diagnostic disposables, and Wegera, an Oulu-based machine and assembly service provider, have announced an agreement under which Ginolis Ltd’s subsidiary, Ginolis Tools, will acquire the business of Wegera Oy.
Following completion of the transaction, Wegera’s managing director Veikko Pitkälä will be retiring, and Pekka Raudaskoski will serve as the new managing director. Pekka has a vast work experience within the manufacturing industry. Most recently, Pekka served as JOT Automation’s quality manager in Finland. Going forward the company will continue normal operations and adopt the name Ginolis Tools Oy. Visit: www.ginolis.com
LINKINGUP
Trelleborg acquires Maritime International
Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement to acquire Maritime International, Inc., a US based privately owned marine fender systems company. The company designs and manufactures marine fender systems and other quay accessories. The acquisition strengthens the presence of Trelleborg in berthing, docking and mooring in North America and reinforces Trelleborg’s leading position globally.
The acquired business has its head office and main manufacturing facility in Broussard, Louisiana. Sales are mainly in North America and amount to approximately SEK 200 M annually. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquired business is a well-run business with a strong market reputation. With the acquisition we expand and broaden our presence in North America and obtain access not only to enlarged local production capabilities and offerings but also to solid engineering and testing expertise,” says Fredrik Meuller, president of the Trelleborg Offshore & Construction business area. Visit: www.trelleborg.com
Atlas Copco acquires process control expert in UK
Atlas Copco, a leading provider of sustainable productivity solutions, has acquired the assets of NJS Technologies Ltd, an engineering and sales company that specialises in process control systems for assembly operations.
NJS Technologies, commonly known as Pivotware, is based in Burton, near Birmingham, United Kingdom. The privately-owned company provides error-proofing solutions for original equipment manufacturers and suppliers in the automotive and other industries. Atlas Copco is taking over seven employees.
“This acquisition is a strategic fit as it will expand our product and service offering to manufacturing customers globally,” said Mats Rahmström, president for Atlas Copco’s Industrial Technique business area. “We are looking forward to helping customers further increase their productivity through enhanced quality.”
The acquired business becomes part of the Chicago Pneumatic Tools division in Atlas Copco’s Industrial Technique business area. Visit: Visit: www.atlascopco.com
Globus extends its role in the PPE market
Globus (Shetland) Ltd, a multi-million pound international business consistently achieving double digit turnover growth, has acquired Alpha Solway Ltd for an undisclosed sum. Over the past two decades Globus has become a significant force in the hand protection industry and has acquired Alpha Solway to further extend its role in the personal protective equipment (PPE) industry.
Alpha Solway, headquartered in Dumfriesshire, is a leading manufacturer and supplier of specialist chemical protective clothing and disposable respiratory products. The company offers a range of off-the-shelf garments and also works with its customers to develop bespoke items designed to specification. Alpha Solway’s well-established products are available throughout the UK, Europe and the rest of the world. All Alpha Solway’s facilities and staff will remain following the acquisition.
Speaking about the acquisition Haraldur Agustsson, CEO of Globus Group said: “I’m delighted to welcome the Alpha Solway team to the Globus Group and recognise the skill and expertise they bring with them. The introduction of Alpha Solway further extends our portfolio enabling us to offer a comprehensive range of high performance PPE to new and existing clients.” Visit: Visit: www.globus.co.uk
Veidekke takes over Leif Grimsrud
Veidekke Entreprenør AS has entered into a letter of intent to acquire 80% of the shares in the civil engineering contractor Leif Grimsrud AS in Halden and its subsidiaries Leif Grimsrud Entreprenad AB and Øst AS. “Veidekke would like to grow in the civil engineering market, and Grimsrud will strengthen our local and regional operations in the central region of Eastern Norway,” says managing director Dag Andresen of Veidekke Entreprenør.
Grimsrud has 230 employees in Østfold and 30 in Strømstad, and revenues totalled NOK 920 million in 2014. Grimsrud carries out local building projects in Halden and construction contracts in Østfold, Akershus and Bohuslän.
“Grimsrud is a solid, well-run contractor that has delivered good long-term results. They have a high level of expertise in engineering design, planning and management with their own employees and machinery. In addition, they have a similar corporate culture and values that will fit in very well with Veidekke,” says Mr Andresen. Visit: www.veidekke.no
