Nordhaven advised the owners of Normek in the sale to Donges Group

12 mar 2019

Nordhaven Corporate Finance advised Normek Group and its owners, Intera Fund I Ky and private shareholders, in the sale of Normek Oy to German Donges Group. Normek is one of the leading steel building construction and façade solutions companies and operates mainly in the Finnish and Swedish market. The business activities of Normek ideally complement the existing business of Donges Group.

“With the help of Nordhaven and its international Clairfield network, we were able to reach out to a wide buyer universe and we found an excellent buyer for Normek” says Vesa Uotila from Intera.

Normek specializes in the design, engineering and construction of steel frame structures and steel bridges as well as the manufacture of customer-specific glass façade solutions. The company generated sales of EUR 65 million in 2018 and employs 250 people.

Donges Group has been part of Mutares Group, a listed investment company, since November 2017 and represents a strategic platform investment in Mutares’ Engineering & Technology portfolio. Following the rapid and successful completion of the turnaround program, Donges is now focusing on further increasing profitability and optimizing its key business areas. After the acquisition of the German Kalzip Group in October 2018, today’s transaction represents the second add-on acquisition for Donges Group. The acquisition of Normek is part of the sustained repositioning of Donges as a specialist provider of steel bridges, steel building construction, and roof and wall solutions in the European market. Including its two strategic add-on acquisitions, the Donges Group generates annual sales of EUR 180 million and employs 600 people.

 

For further information, please contact:

Ari Leppänen, +358 40 525 9241, ari.leppanen@nordhaven.com

Kimmo Voutilainen, +358 50 377 9900, kimmo.voutilainen@nordhaven.com

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