Deal

Norvestor acquires Wema

Norvestor today announced there are to purchase 70 % of the Wema Group, a holding company of Wema System AS, Wema International AS and Wema Overseas AS.  

The group is a global supplier of diesel and AdBlue level sensors, used to reduce highly toxic Nitrogen Oxides (NOx) emissions from trucks. The company is also a supplier of other products to the marine agriculture and construction industries.

Over the last few years the Wema group has experiences strong growth. In 2007 it had a turnover of NOK 240 million and EBITDA of NOK 31 million.

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FundNorvestor V LP Argentum share 15.78%
Portfolio CompanyWema Holding
Date of Transaction2008-07-07
TransactionAcquisition
Seller
BuyerNorvestor V LP
Size of Transaction 
Ind. FocusICT, Industrial
GeographyNorway
StageSmall/mid-cap buyout
 

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(2011-07-13)
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