The Norwegian financial institution Folkefinans AS was acquired by the Swedish financial institution Nordiska Kreditmarknadsaktiebolaget (publ), who wanted to expand its business to Norway.
Folkefinans provides short term loans and consumer loans to private individuals in Norway and Sweden. The company is regulated by the Norwegian Financial Supevisory Authority (Finanstilsynet), whose regulatory approval was required for the completion of the transaction. The ownership base in Folkefinans was diversified, the largest owner being an estate of a former Brittish payday loan company, and the remaining 90% consisting mainly of Norwegian, Icelandic, Swedish and Finnish private investors.
Oehlandt & Co acted as deal advisor to the Company and the shareholders. December 2021
The Finnish
technology company FocalSpec has been acquired by TKH Group NV, a Dutch listed
technology company.
FocalSpec is a global pioneer in designing and manufacturing high-precision, high-speed optical sensors. Their unique and patented Line Confocal Imaging (LCI) technology is used in diverse, demanding quality assurance applications e.g. in the electronics industry. During 2019, FocalSpec made a breakthrough in mobile device manufacturing.
TKH Group is a Dutch listed technology company focused on high-end innovative technologies in high growth markets. Employing more than 6,500 people, TKH achieved a turnover of € 1.6 billion in 2018. With this acquisition, TKH Group expands its vision technology with industry-leading confocal technology that solves applications in markets such as consumer electronics, battery, pharma, semiconductor and medical.
FocalSpec will join the LMI Technologies group and operate under the LMI brand – a global leader in 3D inline scanning and inspection. FocalSpec’s R&D will gain additional resources and platforms from the LMI Group’s existing metrology operations. FocalSpec’s sales organization will be strengthened as the products will get access to the LMI Group’s sales network globally.
FocalSpec was founded in 2009 as a spin-off from VTT, the National Technical Research Institute of Finland and is headquartered in Oulu, Finland. Apart from VTT Ventures, the company owners included Nordic Option, Veritas Pension Insurance, Sauli Törmälä as well as several other private investors.
Read more in the following releases: TKH Group’s release, FocalSpec’s release, LMI Technologies’ release and Nordic Option’s release (in Finnish).
Oehlandt & Co acted as financial advisor to FocalSpec and its owners in the transaction.
October 2019.
Lappset Group Ltd, a leading European manufacturer of playground and fitness park equipment as well as themed activity parks, acquired the majority of the shares of Fantasia Works Ltd, a Kuopio-based company designing themed play equipment, activity park games and props.
With the acquisition Lappset, a family company from Rovaniemi in Lapland, strengthened its expertise and resources in themed activity parks, particularly in design and special production. The companies had been co-operating for several years and therefore the acquisition was a natural step for Lappset in ensuring the additional resources required for its international growth strategy.
Lappset’s release regarding the acquisition can be read here.
Oehlandt & Co acted as the financial adviser to Lappset Group. September 2018.
