Acquisitions in Denmark

MidEuropa acquired a majority stake in MBL Group (MBL), a Denmark-founded European contract development and manufacturing organization focused on assisted mobility, rehabilitation, and aged-care equipment. As part of the transaction, INVL Baltic Sea Growth Fund fully exited its shareholding, while the Lauritsen family (second generation) reinvested and CEO Martin Lauritsen will continue to lead the business with the existing management team.

A-Champs, a Barcelona-based sports technology company, has acquired Denmark-based Goal Station, a developer of smart soccer training environments and the Soccer IQ methodology. The deal combines A-Champs’ ROX cognitive performance technology with Goal Station’s modular training setups to create an integrated, data-driven ecosystem for cognitive, technical, and physical player development and to accelerate global expansion, particularly in the United States.

An affiliate of Pacific Avenue Capital Partners has closed the acquisition of FLSmidth’s Cement business (FLSmidth Cement), which is being sold as a complete operating business including IP, technology, employees, manufacturing facilities, and sales/service organizations. Following the closing, the business will rebrand as Fuller Technologies and continue providing cement and industrial equipment, digital, and service offerings.

GCEX (GCEX Group), a regulated digital prime broker and a portfolio company backed by True Global Ventures, acquired GlobalBlock Europe UAB, a crypto brokerage and digital asset/wealth management firm focused on high-net-worth individuals. The deal expands GCEX from its established OTC, conversion and technology business into a broader digital assets proposition for wealth and asset managers, leveraging GCEX’s multi-jurisdiction licenses and GlobalBlock’s AI-driven fund management technology. GlobalBlock will continue operating under the GlobalBlock brand.

Proclinic Group, a European full-service provider of solutions for the dental sector backed by Miura Partners, has acquired Cenger Scandinavia, a leading dental distributor in Denmark. The deal marks Proclinic Group’s entry into the Nordic markets and is intended to support its international expansion strategy by enhancing its regional product offering and service capabilities for dental professionals.

zvoove, a software and AI provider serving industries including cleaning, acquired CleanManager, a Danish SaaS company offering planning and time-tracking tools for cleaning service providers. The deal expands zvoove’s zvoove Clean presence into Scandinavia and the United Kingdom and adds CleanManager’s scheduling, time tracking, quality control, and cost-calculation capabilities to zvoove’s portfolio.

Norvestor VIII, SCSp signed an agreement to divest Globeteam Holding AS and its subsidiaries to Polaris Private Equity V K/S. Polaris intends to merge Globeteam with 7N Group AS following the acquisition, subject to competition authority approval.

Ballard Capital, an investment company owned by Angie and Chris Long (principal owners of the Kansas City Current), signed an agreement to purchase HB Køge Women, a premier women’s football club in Denmark. The transaction required working with the seller to separate the men’s and women’s teams so the Longs could acquire only the women’s side, and it is positioned as a major women’s sports deal in Denmark. The Longs plan to invest further in HB Køge Women, including building a leading women’s youth football academy in Scandinavia.

Sonance announced the acquisition of Copenhagen, Denmark-based Blaze Audio, a provider of professional amplification and sound reinforcement loudspeakers. The deal expands Sonance’s professional audio portfolio and includes Blaze Audio’s brand plus its sales and marketing operations, while Sonance will maintain a dedicated European office in Copenhagen. The transaction also establishes a partnership with Pascal A/S, Blaze Audio’s parent company, to support long-term collaboration and innovation.

A.P. Moller Holding, through its subsidiary APMH Invest A/S, successfully completed a voluntary purchase offer for all issued shares in Svitzer Group. Following the offer, A.P. Moller Holding owns 93.4% of Svitzer’s share capital and voting rights and intends to compulsorily acquire the remaining shares and delist Svitzer from Nasdaq Copenhagen.

Macquarie Asset Management, via a MAM-led consortium including its managed funds, agreed to acquire an additional 50% stake in TDC Group from PFA, PKA and ATP. The transaction will result in Macquarie managing 100% of the capital in TDC Group, pending customary closing conditions and regulatory approvals, with financial close expected by the end of 2025.

ESG, a global provider of energy SaaS solutions, announced the acquisition of CUBS, a Denmark-based provider of cloud billing solutions for energy companies and electric mobility providers. The deal expands ESG’s presence in Denmark and strengthens its billing capabilities for Danish utilities and energy retailers amid trends such as EV charging and new settlement models.

GRO Fund III, together with Kirk Kapital and other co-investors, will take a majority ownership position in Omada A/S, an identity governance and administration (IGA) software company. The transaction provides a full exit to CVC Growth Funds and GRO Fund II and is intended to support Omada’s continued global expansion and AI-driven product innovation, subject to customary regulatory approvals.

Simply.TV announced the acquisition of Red Bee Media's Content Discovery Business to expand its capabilities and presence in the U.S. market. In conjunction with the acquisition, Simply.TV also secured a majority growth equity investment from Summit Partners, marking its first institutional funding.

Bolt, a Tallinn-based shared mobility platform, has acquired Copenhagen-based ride-hailing company Viggo for an undisclosed sum. The deal marks Bolt’s first acquisition and enables Bolt to enter Denmark’s ride-hailing market, expanding beyond its existing Danish e-bike rental operations.

Agro Care Growers has acquired a majority stake in Nordic Greens, a Danish producer of greenhouse vegetables, strengthening its position in the Scandinavian market. Nordic Greens’ current owner, Mads Pedersen, will retain a minority stake and continue as CEO, while Nordic Greens Salat and part of the Danish cucumber cultivation are excluded from the deal, which remains subject to competition authority approval.

An investment affiliate of J.F. Lehman & Company (JFLCO) acquired a majority shareholding of W.S.S. Holding A/S and its subsidiaries (Wrist), a global provider of marine supply, logistics, and budget management services for the maritime industry. Wrist’s current sponsor, Altor Equity Partners, and Wrist’s management team will remain significant shareholders as JFLCO partners with them to support Wrist’s next phase of growth.

Adelis Equity Partners and four entrepreneur-led Danish rehabilitation services companies have joined forces to establish Circura Danmark A/S, a new group focused on building improvement and rehabilitation services in Denmark. The group will comprise Arne Pedersen, Lundbæk & Hansen Bygningsforbedring, LKA Entreprise and Egon Olsen & Søn, with combined annual revenue of about DKK 750 million and approximately 400 employees. Circura Danmark plans to expand across Denmark through growth and acquisitions, subject to competition authority approval expected by April.

GoGift, a Copenhagen-based corporate gifting and incentives solutions provider, entered a strategic partnership with Waterland Private Equity that will see Waterland acquire the company. The transaction transfers ownership from Nordisk Film under the Egmont media group, while GoGift’s management team remains led by founder and CEO Henrik Ravn.

Private Equity at Goldman Sachs Alternatives agreed to acquire a majority stake in Trackunit, a SaaS and operating data platform provider for the global construction ecosystem. The stake is being acquired from funds advised by Hg and GRO Capital, with Hg reinvesting in the business as part of the transaction. The deal is subject to customary regulatory approvals and is expected to close in early summer.

ScreenPoint Medical announced the acquisition of Biomediq A/S, a research-based company focused on quantitative imaging biomarkers. The deal is intended to add Biomediq’s mammography-based breast cancer risk analysis (including mammographic texture risk) into ScreenPoint’s breast AI platform, Transpara, to enhance breast cancer risk assessment capabilities.

Hoyer, a global supplier of energy-efficient motor solutions, acquired Denmark-based NowiTek, a developer of automation solutions specializing in scalable SCADA platforms and PLC programming. Hoyer plans to integrate NowiTek’s software expertise into its Advanced Solutions portfolio to support customers in marine, industrial, HVAC and energy markets with automation and decarbonization-focused solutions. As part of the deal, NowiTek’s founders Norman Nørgaard and Nicolai Carøe Larsen will join Hoyer, which will also open an office in Northern Jutland.

Kolsquare, a Paris-based influencer marketing technology company and Certified B Corporation, has acquired Woomio, an end-to-end influencer marketing software provider founded in Copenhagen. The deal strengthens Kolsquare’s presence in the Nordics and supports its broader expansion across Europe; Kolsquare has been part of the team.blue group since 2024.

Standard Motor Products, Inc. (SMP) completed its acquisition of AX V Nissens III APS (Nissens Automotive), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products. SMP acquired all issued and outstanding shares for approximately $390 million (€360 million), net of cash and assumed debt, from Axcel and the Nissen family.

DOF Group ASA, through its subsidiary DOF Offshore Holding Denmark ApS, acquired all shares of Maersk Supply Service A/S from Maersk Supply Service Holding ApS for a mix of cash and newly issued DOF shares. Following closing, Maersk Supply Service was renamed DOF Denmark A/S, and the seller (ultimately owned by A.P. Moller Holding) became a 25% shareholder in DOF; Maersk Supply Service’s offshore wind installation business was separated and retained by A.P. Moller Holding as Maersk Offshore Wind.

Hendrix Genetics signed an agreement to merge its swine division, Hypor, with Danish Pig Genetics P/S (Danish Genetics) and partners to form a newly combined swine genetics entity. After closing (anticipated in early 2025), Hendrix Genetics will hold a majority stake, while Danish Genetics and its partners will own a significant minority stake, creating a strategic alliance to expand global swine genetics R&D, product portfolios, and distribution.

Podimo has acquired Podads, a leading Danish podcast agency and advertising platform, to strengthen podcast advertising and create better growth opportunities for podcasts in Denmark. Podads will continue to operate independently under CEO and co-founder Anne-Kathrine Pommergaard as Podimo advances its hybrid subscription and ad-supported strategy.

Macquarie Asset Management, through Macquarie European Infrastructure Fund 7, has agreed to acquire ZITON, an offshore wind operations and maintenance (O&M) services provider. ZITON is being acquired from funds advised by Permira Credit and other existing shareholders, and the investment is intended to support expansion of ZITON’s fleet and services, subject to regulatory approvals and customary closing conditions.

BankID BankAxept AS has acquired Danish eID broker Criipto ApS to expand internationally and add Criipto’s developer-friendly digital identity integration platform to its portfolio. Following the deal, Criipto will operate as a subsidiary, supporting BankID BankAxept’s ambition to deliver secure digital identity solutions and related trust services across Europe.

Mentha has acquired SH Group (SHG), a Denmark-headquartered developer of complex smart handling solutions for the maritime and defence industries. The transaction marks a new growth phase for SHG, with Mentha supporting management to strengthen share in existing markets and accelerate expansion in the defence sector. SHG previously partnered with Copenhagen-based BWB Partners for the past twelve years.

FlightLogger secured an additional significant growth investment from Arcadea Group, marking Arcadea’s second growth equity investment in the company following an initial investment in 2022. The new capital will support FlightLogger’s product roadmap and market expansion, including AI-driven auto-scheduling and advanced analytics capabilities for flight schools.

Mason Capital Management LLC completed the expiration and settlement of its tender offer to purchase any and all outstanding American depositary shares and ordinary shares of Forward Pharma A/S. The tender offer expired on July 31, 2024, and 1,344 ADSs that were validly tendered were accepted and settled on August 1, 2024.

Rouse has combined with Danish-based IP consultancy aera to expand its patents capability and accelerate its growth across Europe. The merger strengthens Rouse’s presence in high-growth sectors such as life sciences and AI software and follows prior IP consultancy acquisitions including Konsert Strategy & IP and Valea.

London-based private equity firm Duke Street agreed to acquire Agito Medical from Philips. Agito Medical, headquartered in Aalborg, Denmark, supplies mobile medical imaging rental solutions and pre-owned imaging equipment and spare parts across Europe. Financial terms were not disclosed and the parties expect to close the transaction by October.

Dow Jones has acquired A2i Systems, a provider of AI-powered fuel and retail pricing solutions including the PriceCast platform. A2i will operate as a subsidiary of OPIS within Dow Jones’s energy business, expanding OPIS’s offerings in pricing, analysis, and forecasting for retail fuel and EV charging markets.

Adelis Equity Partners, via Adelis Equity Partners Fund III AB, has become the new majority shareholder of Danish CBRN knowledge management software provider Bruhn NewTech. Adelis will support Bruhn NewTech’s continued growth and product development as its first investment toward building a broader European defense technology software group. The transaction closed on June 28 following regulatory approvals, and financial terms were not disclosed.

Novo Holdings and DLG Group announced a strategic partnership focused on advancing sustainable agriculture and food systems. As an initial step, Novo Holdings will acquire 25% of Sejet Plant Breeding (Sejet), a plant breeding and crop genetics company owned by DLG Group, to help scale Sejet’s business and invest in new breeding technologies.

Mediator, a Denmark-based regulatory advisory services provider focused on chemical and hazardous substance regulations, has partnered with and joined CERTANIA, a Testing, Inspection, and Certification (TIC) group. The transaction positions Mediator to accelerate growth and international expansion while remaining operationally independent under its existing management team. Mediator will complement CERTANIA’s regulatory, sustainable, food & environment segment.

The Hempel Foundation has agreed to invite CVC Funds to become a minority investor in Hempel A/S via a subscription to new shares, ultimately building a stake of up to 30% over time. The Hempel Foundation will remain the majority shareholder, and the partnership is intended to accelerate Hempel’s long-term organic growth and support future M&A. The transaction is expected to close in the second half of 2024, subject to regulatory approval.

Dürr Group (Dürr AG) agreed to sell its Danish subsidiary Agramkow Fluid Systems A/S, including two subsidiaries and certain assets, to Swedish investment company Solix Group AB. Agramkow provides filling systems for refrigerants used in refrigerators, air-conditioning systems, and heat pumps; the deal values Agramkow at an enterprise value of €47 million and is expected to close at the end of Q2 2024 following a carve-out. The sale excludes Dürr’s automotive filling-technology business operated by Dürr Somac GmbH, which remains with Dürr Group.

A&M Capital Europe (AMCE) signed an agreement to acquire a majority stake in STOK Emballage, a Denmark-based value-added packaging distributor. The Stok family and existing management team, led by CEO Martin Frederiksen, will remain invested and retain a significant stake. The investment is intended to support service expansion and accelerate growth in Denmark and internationally, including via acquisitions.

BuildTec Software Group, a construction software platform established by funds advised by Bregal Unternehmerkapital (BU), acquired a majority stake in Acies A/S. The partnership expands BuildTec’s presence in Denmark and broadens its construction software portfolio, with Acies providing configuration, MES, and production planning software for window, door, and kitchen manufacturers.

Ceridian entered into a definitive agreement to acquire eloomi, a learning and development (LMS/LXP) platform provider. The deal is expected to close in Q1 2024 and will be funded using Ceridian’s existing balance sheet cash. eloomi is backed by EIFO, Kennet Partners, and Great Hill Partners.

Novozymes and Chr. Hansen have completed a statutory merger, creating a new combined company called Novonesis. The merger received all required regulatory approvals and was finalized upon registration with the Danish Business Authority. Novonesis will operate as a global biosolutions partner serving more than 30 industries with a combined workforce of around 10,000 and expected annual revenue of approximately EUR 3.7 billion.

Auktionshuset dab, part of TBAuctions, has acquired KJ Auktion to create a leading Danish auction house focused on insolvency and project-based auctions. KJ Auktion will be integrated into Auktionshuset dab while Auktionshuset dab continues operating under its existing name, expanding TBAuctions’ position in the Danish market.

Mentha has acquired HOLMRIS B8, a leading Danish B2B provider of furniture and interior design solutions for the professional market. The partnership is intended to accelerate HOLMRIS B8’s growth through organic initiatives and acquisitions, including further international expansion. Existing management will continue with the business and reinvest alongside Mentha, and the transaction is subject to Danish competition authority approval.

Renta Group Oy has agreed to acquire Jelle-Bo ApS, a Danish general equipment rental company headquartered in Svendborg on the island of Fyn. The deal expands Renta’s network of rental depots in Denmark and strengthens its presence on Fyn, with closing expected by February 2024.

A fund advised by Bregal Unternehmerkapital (BU) announced the formation of BuildTec Software Group, bringing together construction software brands including SEMA, Compass, WGsystem, and Hausmann & Wynen (Powerbird and Sitara). BuildTec also announced a new partnership with Denmark-based E-Komplet A/S, adding E-Komplet’s craftsmen-focused project management software to the group’s construction technology platform.

KK Wind Solutions signed an agreement to acquire Nissens Cooling Solutions, a market-leading supplier of customised cooling solutions for wind and other industrial applications. Both companies are currently owned by A.P. Moller Holding, and the deal will expand KK Wind Solutions’ global manufacturing footprint and add more than 800 employees. The acquisition is expected to close on January 1, 2024.

Acquia, a Boston-based digital experience platform (DXP) provider, acquired the Monsido SaaS platform from CivicPlus. Monsido adds website accessibility, optimization, and compliance capabilities (including WCAG/ADA-aligned monitoring) to Acquia DXP and is also available as a standalone offering. CivicPlus will continue serving U.S. local government customers as a reseller of Monsido following the transaction.

General Atlantic agreed to acquire a majority interest in Joe & the Juice Holding A/S from Valedo Partners (Valedo Partners Fund II AB and Valedo Partners III AB), with Valedo fully exiting its investment. General Atlantic was already an existing shareholder and plans to support continued international expansion, digital growth initiatives, and debt reduction. The transaction is subject to customary closing conditions and regulatory approval and was expected to close in the fourth quarter of 2023.

Funds advised by Apax Partners LLP agreed to make a significant growth investment in GAN Integrity, a Denmark-founded provider of cloud-based risk, ethics, and compliance management software. The round was led by the Apax Funds with participation from existing investor Aquiline Technology Growth (Aquiline Capital Partners’ VC team) to accelerate product development and support the company’s continued growth; financial terms were not disclosed.

Investcorp agreed to sell its majority stake in Georg Jensen, a Danish design house known for jewellery and home products, to Fiskars Group. Georg Jensen is headquartered in Copenhagen and sells through company-owned stores, wholesale channels, and a growing e-commerce platform. The transaction is expected to close in the fourth quarter of 2023, subject to customary conditions.

Luxion Group ApS (the company behind KeyShot) announced the acquisition of Digizuite A/S, a SaaS provider of Digital Asset Management (DAM) solutions. Luxion plans to integrate Digizuite’s DAM capabilities into its portfolio to enhance customers’ asset management, collaboration, and omnichannel content delivery across the digital supply chain.

AGIC Capital, together with Kirk Kapital, completed the acquisition of PR Electronics A/S, a global supplier of signal conditioning devices for process and factory automation. PR Electronics is headquartered in Rønde, Denmark, and its management team (including former CEO Kim Rasmussen) will reinvest and continue in their roles following the transaction.

IK Partners’ IK VII Fund has agreed to sell Løgismose A/S, a Danish high-end food brand, to Halberg A/S; financial terms were not disclosed. Løgismose will continue to operate independently under Halberg’s ownership with its current management team remaining in place, and the transaction is expected to close on 31 August 2023.

Novo Holdings agreed to acquire Ellab, a Denmark-headquartered provider of validation and monitoring solutions and services for biotech and pharmaceutical processes, from EQT Private Equity and its co-shareholders. The transaction was subject to regulatory approvals and has since been completed. Separately, Novo Holdings also agreed to sell a significant minority stake in Ellab to the Lundbeck Foundation (pending relevant approvals).

TBAuctions has acquired Danish online auction platform Auktionshuset dab, which specializes in insolvency and large project auctions. Auktionshuset dab will become one of TBAuctions’ brands and will be integrated onto TBAuctions’ scalable ATLAS platform to accelerate growth and expand TBAuctions’ Nordic and broader European footprint.

Truesec announced the acquisition of Denmark-based Venzo Cyber Security A/S, a former Venzo Group company. The deal is intended to strengthen Truesec’s cybersecurity capabilities and market position in Denmark and Northern Europe. The acquisition is expected to close on 1 June 2023.

Väderstad acquired parts of Denmark-based Thyregod A/S, adding Thyregod’s full inter-row cultivator product range to Väderstad’s tillage and seeding portfolio. The deal includes all intellectual property rights for Thyregod’s inter-row cultivator business, including the TRV range and Swingking, with Väderstad taking over responsibility for the business on June 1 following a transition period.

Mentha entered into a partnership with the founders of Erhvervs Webdesign (EWD), a fast-growing Danish digital marketing agency focused on micro-SMEs. Mentha will provide capital and expertise to support EWD’s growth strategy, including organic expansion and acquisitions in Denmark and internationally, while the founders retain a substantial ownership stake and continue in senior management.

Imaweb, a European provider of software solutions for the automotive industry, acquired Carswip to strengthen its presence in the Nordics and expand its digital solution offering. Carswip is a Danish SaaS remarketing and imaging solution that uses artificial intelligence to automate vehicle photo capture, enhancement, and publication across online platforms.

Renta Group Oy has agreed to acquire A.L. DEL-PIN A/S (Del-Pin), a Danish general equipment rental company with nine depots in western Denmark. The deal expands Renta’s Danish depot network from 6 to 15 locations, strengthening its coverage in western Denmark, and is expected to close in May.

OpSec Security, a global brand protection solutions provider, has completed its acquisition of Zacco, a European intellectual property (IP) management company. The combination expands OpSec’s capabilities to offer full-lifecycle IP and brand optimization, monetization, and protection services, including management of patents, trademarks, industrial designs, and digital brand assets such as domain names. Zacco CEO Mats Boström will join OpSec’s executive leadership team.

Nexa3D completed the acquisition of Addifab, a Copenhagen-based developer of Freeform Injection Molding and dissolvable digital tooling solutions. The deal expands Nexa3D’s capabilities in CAD-to-tool workflows, soluble tooling resins, and injection-molding-compatible tooling, while strengthening Nexa3D’s EMEA presence via Addifab’s Copenhagen facility.

A.P. Moller Holding has agreed to acquire Maersk Supply Service from A.P. Moller – Maersk. The deal supports a strategic shift to build a leading offshore marine services company focused on the offshore wind market while leveraging Maersk Supply Service’s existing capabilities in offshore oil and gas. The transaction is subject to regulatory approvals and is expected to close in Q2 2023.

Summa Equity agreed to acquire a majority stake in Logpoint, a Copenhagen-headquartered cybersecurity operations platform provider, investing through its EUR 2.3bn Fund III. Following the transaction, Yttrium (formerly Digital+ Partners) will remain a significant minority shareholder. The investment is subject to final regulatory approval, expected in Q2 2023.

Jensen Hughes acquired BRANDGRUPPEN, a specialist fire engineering consultancy headquartered in Copenhagen, Denmark. The deal marks Jensen Hughes’ first entry into the Danish market and is intended to expand its geographic reach and create a base for future expansion in Denmark’s growing fire engineering sector.

Globant (NYSE: GLOB) has acquired Vertic, a Copenhagen- and New York-based creative consultancy focused on digital marketing for life sciences and other B2B disciplines. The deal expands Globant’s global digital marketing network, strengthens its Healthcare & Life Sciences expertise, and establishes Globant’s first office in Copenhagen to serve as a hub for Nordic expansion.

Novo Holdings announced a $40 million investment in Evosep, a Denmark-based proteomics technology company focused on standardising proteomics for clinical use. The funding will support advancement of clinical proteomics applications enabled by Evosep’s liquid chromatography platform and help expand the company’s global presence, particularly in the United States.

Lynx Equity Limited has acquired Majland Stauder, a B2B plant nursery based in Sonder Omme, Denmark that produces perennial plants for customers across Scandinavia. The sellers (Erik Lauridsen, Leif Rahbek, and Torben Kristensen) will remain with the business, with Erik appointed CEO, as Lynx makes its first investment in the horticulture industry.

Adelis Equity Partners Fund II has divested its majority stake in Mobilhouse, a Danish provider of temporary modular buildings, to a consortium led by Kirk Kapital. Mobilhouse, headquartered in Fredericia, has shifted to a 100% rental model and expanded its modular space offering since Adelis acquired the company in 2019. The purchase price was not disclosed.

ZeroNorth has acquired Prosmar Bunkering AS, an online platform serving the marine bunker fuel market, to accelerate digitalisation, transparency, and decarbonisation efforts across the marine value chain. The transaction includes Prosmar’s Bunker Dashboard solution and Bunker Pricer module, while Prosmar Risk and Prosmar Price Matrix are excluded; Prosmar Bunkering will continue operating as an independent standalone business under its current management team.

Rockwell Automation, Inc. completed the acquisition of CUBIC, a Denmark-based company specializing in modular systems for constructing electrical panels. The deal expands Rockwell’s intelligent motor control center offering and partner network, with CUBIC to be reported within Rockwell’s Power Control Business in the Intelligent Devices operating segment.

ShaMaran Petroleum Corp. announced the closing of its previously announced acquisition of TEPKRI Sarsang A/S (TEPKRI), effective January 1, 2021. Following the acquisition, ShaMaran expects increased net production and reserves due to its expanded portfolio of stakes in producing oil fields in Kurdistan. As part of closing, ShaMaran also consolidated its outstanding bonds into a single $300 million 2025 issue and noted plans to retire a $20 million convertible instrument issued to TotalEnergies.

Icape Holding, a global technology distributor of printed circuit boards (PCB), acquired 100% of the shares of Denmark-based MON PRINT for an initial purchase price of €0.7 million, with potential earn-out payments tied to 2022 and 2023 results. Following the acquisition, MON PRINT will be rebranded as ICAPE DENMARK and integrated as a subsidiary of Icape Holding, expanding ICAPE Group’s footprint in Denmark and Northern Europe.

KK Wind Solutions, owned by A.P. Moller Holding, has completed the acquisition of Vestas’ converter & controls business, including three factories in Hammel (Denmark), Oragadam (India) and Tianjin (China). The deal roughly doubles KK Wind Solutions’ production capacity and adds around 600 employees, strengthening its position in converters and controls for the wind industry. As part of the transaction, KK Wind Solutions gains exclusivity to supply converters and controls to Vestas and will co-develop future Vestas converters under a strategic partnership supported by transitional service agreements.

Fluidra acquired 100% of Denmark-based Swim & Fun Scandinavia ApS, a market-leading distributor of pool and spa products in the Nordic countries. The consideration includes an upfront payment of approximately €21 million (already paid) plus future earn-out payments tied to performance in 2023–2025 and payable in 2026. Fluidra expects the acquisition to be EPS accretive in 2023 and to strengthen its presence in the Nordics as part of its consolidation strategy.

Delta Galil Industries, Ltd. acquired the Organic Basics brand and certain assets for undisclosed terms. Organic Basics is a Denmark-founded, digitally native sustainable apparel brand focused on underwear, activewear, and base layers, and Delta Galil plans to expand the brand globally and broaden its product line.

Esco Lifesciences Group acquired Evidence Solution, a Danish software company that provides IVF clinic management and quality/traceability technologies including an "evidence witness system." The acquisition is intended to strengthen Esco Medical’s IVF offering by adding witnessing, labeling, workflow scheduling, and traceability capabilities to help IVF clinics prevent treatment errors and improve compliance.

FMC Corporation has agreed to acquire BioPhero ApS for approximately USD 200 million. BioPhero, a Denmark-based biotech pioneer producing pheromones for insect pest control in agriculture, will join FMC’s biologicals business while keeping its headquarters in Copenhagen, Denmark.

Actief Group, a Western European independent staffing company backed by majority shareholder Gilde Equity Management, has joined forces with and acquired Hartmanns A/S to enter the Danish market. Hartmanns is a Denmark-based HR services provider headquartered in Ballerup offering temporary staffing, recruitment, outplacement and advisory services, and its CEO Anne-Mette Ravn will remain to lead Actief’s Denmark operations.

Adelis Equity Partners has agreed to acquire Danish IT services provider netIP A/S to support the company’s next phase of growth and expansion. netIP’s CEO and main shareholder Martin Kjølhede will step down from management but remain on the board, with the existing director team continuing to lead operations. The transaction values netIP at approximately DKK 375 million and remains subject to relevant authority approvals.

Anora Group Plc has signed an agreement to acquire 100% of Globus Wine A/S, the leading wine company in Denmark, for a cash purchase price of DKK 596.4 million (EUR 80 million) financed with debt. The deal is expected to close in early July 2022 and will make Anora the market leader in the Danish wine market while strengthening its Nordic wine business.

Renta Group Oy has acquired Lohke Materieludlejning A/S to strengthen its position in Denmark and expand its pan-Nordic equipment rental footprint. Lohke operates five depots across the Danish capital region, Esbjerg, and Aarhus, with more than 90 employees and approximately DKK 200 million in annual revenue.

Club Car, a portfolio company of Platinum Equity, completed its acquisition of Denmark-based electric low-speed vehicle manufacturer Garia A/S from Lars Larsen Group. The deal also includes Melex, a Poland-based lightweight utility vehicle manufacturer that Garia acquired in 2021, expanding Club Car’s electric utility and consumer vehicle portfolio and European presence.

Perwyn, a pan-European private equity investor, agreed to acquire European Sperm Bank (ESB) from Axcel, with the transaction expected to close in Q3 2022. Headquartered in Copenhagen, ESB is a leading provider of donor sperm and related fertility services serving patients in more than 90 countries. Perwyn plans to support ESB’s management team to expand its donor bank, geographic reach, and broader fertility services offering.

Hg has agreed to sell itm8, a Danish managed IT services provider, to Nordic private equity firm Axcel. Hg had invested in itm8 (formerly IT Relation) in 2018 and supported its expansion, including multiple acquisitions; transaction terms were not disclosed and closing is subject to customary conditions.

ZS, a global professional services firm, has acquired Intomics A/S, a Danish bioinformatics and systems biology company founded in Copenhagen. Intomics’ team and capabilities in biomedical data analysis and preclinical drug discovery will expand ZS’s data, analytics, and technology offerings to support pharmaceutical and biotech R&D.

Valedo Partners Fund II AB (Valedo) has divested BeckSöndergaard, a Danish women’s accessory company, to a consortium led by the company’s founders Lis Beck and Anna Søndergaard. During Valedo’s ownership, BeckSöndergaard broadened its product range, expanded international sales, and increased its focus on online sales. Transaction terms were not disclosed.

Chaos announced the acquisition of Cylindo, a 3D product visualization platform for commerce. The deal is intended to build an end-to-end 3D visualization ecosystem spanning visualization, 3D commerce, and AR/VR content, with Cylindo continuing to operate as an independent brand in close collaboration with Chaos.

Workiva Inc. (NYSE: WK) acquired Denmark-based ParsePort for $100 million in cash, funded from existing cash on hand. The deal strengthens Workiva’s XBRL and Inline XBRL capabilities in Europe, particularly for ESEF and statutory reporting, and complements Workiva’s cloud reporting platform. ParsePort’s co-founders Michael Krog and Kim Eriksen will continue to lead the business under the ParsePort name.

DEAS Group has entered into an agreement to acquire Good Monday, an office management platform and two-sided marketplace that helps office managers manage workplace services through a single point of contact. The deal supports DEAS Group’s broader digital innovation strategy, including the launch of its ‘DEAS Studio’ concept. Good Monday will continue operating as an independent company within DEAS Group while expanding its customer base.

Dixa, a Danish customer support software company, announced it has acquired customer service analytics firm Miuros and customer service automation/chatbot provider Solvemate in a double acquisition valued at $43 million. The deals expand Dixa’s customer experience platform with AI-powered analytics, quality assurance and automation capabilities to help brands deliver more data-driven, automated customer service at scale.

AbbVie has acquired Syndesi Therapeutics, a Novo Holdings (Novo Seeds) portfolio company, for up to US$1 billion in total value including US$130 million upfront. The acquisition is intended to accelerate development of Syndesi’s lead SV2A program, SDI-118, for cognitive impairment associated with neurodegenerative and neuropsychiatric diseases.

DESMI signed a definitive agreement to sell a majority share of the company to One Equity Partners (OEP). DESMI is a Denmark-headquartered manufacturer of pumps, pumping systems, and environmental cleaning equipment serving marine/offshore, industrial, utility, and defense end-markets; transaction terms were not disclosed.

Pure Fishing Inc. acquired Svendsen Sport A/S, a leading European supplier of sport fishing tackle and owner of brands including Savage Gear, Prologic, MadCat, WaterWolf, and DAM. The deal strengthens Pure Fishing’s presence in Europe and expands its brand portfolio, sales coverage, and product development and marketing capabilities. Financial terms were not disclosed.

Trulioo, a global identity verification provider, acquired HelloFlow, a no-code, drag-and-drop onboarding and workflow orchestration platform. The deal is intended to enhance Trulioo’s end-to-end global identity platform by adding orchestration, onboarding workflow, and risk management capabilities to its GlobalGateway identity verification network. HelloFlow is headquartered in Copenhagen, and its European operations are expected to support Trulioo’s expansion in the region.

Bruker Corporation announced the acquisition of PepSep, a Danish company specializing in nanoflow liquid chromatography (nanoLC) columns, specialty emitters, and components used in proteomics workflows. The deal expands Bruker’s nanoLC consumables portfolio for its timsTOF 4D-Proteomics solutions, with financial terms not disclosed. Bruker also entered into an OEM agreement with IonOpticks to supply high-performance nanoLC Aurora/Focus series columns.

DirectMed Parts & Service, a portfolio company of NMS Capital, acquired LBN Medical for undisclosed terms. Headquartered in Aalborg, Denmark, LBN is a reseller of aftermarket diagnostic imaging equipment and parts, and the acquisition supports DirectMed’s international expansion beyond North America and adds system sales capabilities.