May 20, 2022
Translink Corporate Finance exclusive partner in Norway, Synergos, partnered with Translink Corporate Finance in Sweden, Anecta, to advise Thermica AS (Thermica) in their 80% stake sale to Storskogen.
Thermica will become part of Storskogen’s Engineering Services vertical. Joining Swedish companies, Plåthuset and Jacob Lindh, Thermica’s addition will create a small cluster of niched companies in the same sector, giving Thermica access to a valuable network. The acquisition of Thermica will be the sixth acquisition by Storskogen Norway.
Thermica was founded in 2012 by four engineers who met through their former employer and decided to realise their dream to start a company. Among many other achievements, Pål Rynning, Børre Mørkve, Gunnar Holland and Rolf Borge-Aaserud have together enabled BULK Industrial Real Estate to construct several of their modern logistic buildings.
“With increased e-commerce and demands for effective distribution, we have experienced increased interest in flexible buildings that meet today’s demand for sustainability and quality at a reasonable price. Our ambition is to continue this growth and develop our offering together with the market. With Storskogen as majority owner, we look forward to continuing this journey”, says Gunnar Holland, founder of Thermica AS.
Storskogen acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas of Industry, Trade and Services in the Nordic countries, DACH and the United Kingdom.
“We are very pleased to welcome Thermica to the Storskogen family. Thermica holds a solid portfolio of projects, a strong brand and an efficient and modern approach to construction of warehouse and logistic buildings. The company is a well-established player for warehouse and logistics solutions in the Norwegian market and we look forward to contributing to further developing these solutions”, says Karianne Melleby, Managing Director Storskogen Norway.
Contact our Team Members advising in this transaction:
Synergos is the exclusive partner in Norway for Translink Corporate Finance. The experienced team provides strategic and financial advisory services focusing on mergers, acquisitions and divestitures. Synergos differentiate itself from other financial advisors through its industrial focus.
Clients are given a tailor-made advisory service with an explicit focus on value creation, offering a team of dedicated advisors with solid executive management- and M&A experience. In many cases its team of industry experts, with extensive executive management experience and industrial knowledge, are brought into the projects.
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.