DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS subsidiary NDS Group AS acquires Norwegian distributor Sola Shipping AS
Munich/Oslo, December 23, 2020 - The NDS Group AS, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), acquires the Norwegian marine distributor Sola Shipping AS, one of Norway's leading distributors of marine chemicals and boat care products. This first add-on acquisition confirms the growth strategy of the NDS Group and further increases the share in the Norwegian market. The transaction also underlines Aurelius' strategy to strengthen its portfolio companies via add-ons.
Sola Shipping AS offers a wide range of marine supplies to over 800 customers in Norway. The assortment ranges from antifouling, paint, and chemicals, over to service parts, boat care, and consumables. The company is an exclusive distributor of the brand "Seajet" in Norway with market leading products.
The highly complementary product portfolios will be integrated into the existing marine business unit of the NDS Group. Customers of both companies will greatly benefit from the combined business that is built on the nation-wide logistic infrastructure of the NDS Group.
"The acquisition of Sola Shipping AS confirms the growth strategy to continue the new era as a one-stop-shop distribution and service provider in the Nordic region" says NDS Group CEO Janno Gröne. "We are confident that the NDS Group will also benefit from synergies of this add-on acquisition".
Leif Lupp, Managing Director Aurelius Nordics: "After having executed the carve-out of NDS, Aurelius' operations organisation has implemented substantial operational improvements. We have also invested significantly in topline growth, as evidenced by our new customer wins in 2020. With the acquisition of Sola Shipping, the next phase of the Aurelius value creation model has now been launched. We are looking forward to continuously growing NDS through acquisitions, in Norway as well as throughout the Nordics."
The transaction was completed on December 23, 2020.
Aurelius was advised on the transaction by Handelsbanken (Financial), Schjødt (Legal) as well as KPMG (Tax).
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 26 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de.
23.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
AURELIUS Equity Opportunities SE & Co. KGaA
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