Brammer Plc has agreed to acquire Lonne Holding AS from Credo Partners AS and Terje Lonne.
Brammer Plc, a listed UK based company headquartered in Knutsford, Cleveland, is an industrial services group providing outsourced management of electronic equipment related services as well as supplying bearings, power transmission products and engineering and other related industrial services.
Lonne Holding AS, the Norway based holding company providing industrial services through its subsidiaries, Lonne Scandinavia AS and Lonne Service AS. Lonne Service AS, the Norway based company, is an electro- mechanical services firm with a primary focus on service and maintenance of electric motors
Lonne Scandinavia AS, the Norway based company headquartered in Bergen, Hordaland, is a supplier of electrical motors, gears, open transmissions, and frequency inverters.
Credo Invest Nr 5 AS, Norway based company headquartered in Oslo, is a private equity fund of Credo Partners AS, the Norway based private equity firm.
Terje Lonne, the Norway based private individual, having interests in companies that supplies electrical motors, gears, open transmissions, and frequency inverters.
The acquisition is in line with Brammer’s strategy to focus on its core distribution business. It will provide Lonne with a number of cross-selling opportunities for its customer base and an significant incremental opportunity to Brammer to services its key accounts.
Alpha Corporate Finance
Advised in the sale of
Lonne Holding AS
to