Aurelius reports an acquisition: The subsidiary NDS Group is taking over Sola Shipping AS for an unspecified price. “This first add-on acquisition underpins the growth strategy of the NDS Group and further increases its market share in Norway. The transaction also underscores Aurelius’ strategy of strengthening its portfolio companies through add-on acquisitions, ”the company said on Wednesday.
Sola Shippig is a distributor of marine chemicals and boat care products in Norway. The company has “a comprehensive range of maritime equipment for more than 800 customers,” said Aurelius. The product ranges of both companies are to a large extent complementary, which is why Aurelius is hoping for high synergies from the acquisition. Significant improvements have already been implemented in the operational processes, says Leif Lupp, Managing Director at Aurelius Nordics.
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