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AURELIUS EQUITY OPPORTUNITIES SE & CO. KGAA

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AURELIUS subsidiary NDS Group AS acquires Norwegian equipment distributor Nordic Lift

11/01/2021 | 03:02am EST

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS subsidiary NDS Group AS acquires Norwegian equipment distributor Nordic Lift

01.11.2021 / 09:00
The issuer is solely responsible for the content of this announcement.


AURELIUS subsidiary NDS Group AS acquires Norwegian equipment distributor Nordic Lift

- Acquisition strengthens NDS' AutoMateriell business to become a leading provider of workshop equipment in Norway

- Second add-on acquisition in the past 12 months emphasizes NDS successful repositioning as a buy-and-build platform and consolidator in the Nordic aftermarket

- Transaction underlines AURELIUS' strategy to strengthen its portfolio companies via add-ons

Munich/Oslo, November 1, 2021 - The NDS Group AS, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), acquires the Norwegian equipment distributor Nordic Lift, headquartered in Trondheim, Norway from Knut Ulseth and Frode Rosmæl. This transaction marks the second add-on acquisition of NDS in the last 12 months and is a strategic addition to NDS' equipment business AutoMateriell. It underpins the growth strategy of NDS Group to scale its business as a leading Norwegian wholesaler with a nationwide logistics network and a highly attractive product and services offering for its workshop clients. AURELIUS' strategy to strengthen its portfolio companies via add-ons has delivered another highly synergetic transaction, closing is expected in the coming days. The parties have agreed to not disclose financial details.

Nordic Lift is one of Norway's leading distributors for workshop equipment, car washing equipment and paint boxes with a product range specifically tailored for the Norwegian market. The company operates locations in Oslo and Trondheim and has a unique product assortment supported by a strong service team. The product portfolio is highly complementary with NDS' equipment division AutoMateriell which supplies workshop equipment of leading equipment OEMs such as JohnBean and MAHA. Customers of both companies will greatly benefit from the combined business.

"With the acquisition of Nordic Lift AS we are significantly improving our product and service offering in the equipment sector. We are delighted that the previous owners are staying aboard, and both businesses will benefit from their outstanding expertise and experience." says NDS Group Chairman Janno Gröne.

Leif Lupp, Managing Director AURELIUS Nordics adds: "This acquisition is another good example of how AURELIUS grows its portfolio companies through add-on acquisitions. We develop a dedicated M&A strategy for each of our portfolio companies and in the case of NDS have executed two highly synergetic add-ons in the last 12 months. NDS continues to pursue a strong M&A pipeline throughout the Nordics and further acquisitions can be expected."

"I am pleased to see that the add-on strategy for our portfolio companies is paying off. Today's acquisition of Nordic Lift is a perfect example, as it allows us to grow and strengthen NDS even further," says Matthias Täubl, CEO of AURELIUS Equity Opportunities. "The deal pipeline is filled well, we expect acquisitions throughout our investment focus of add-ons, platform investments and co-investments in the upcoming weeks."

AURELIUS was advised on the transaction by SpareBank 1 SR-Bank ForretningsPartner (Commercial) and Schjødt (Legal).


ABOUT AURELIUS
AURELIUS Group is a pan-European asset management group with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg.

Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy's core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. 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.aurelius-group.com

CONTACT
AURELIUS Group
Investor Relations & Corporate Communications
Phone: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
E-mail: investor@aureliusinvest.de




 


01.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: info@aureliusinvest.de
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1245001

 
End of News DGAP News Service

1245001  01.11.2021 

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Last Close Price 27,90 €
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Dirk Markus Chairman-Executive Board
Matthias Tńubl Chief Executive Officer
Richard Schulze-Muth Chief Financial Officer
Christian Dreyer Chairman-Supervisory Board
Gert Purkert Member-Executive Board
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