Ernströmgruppen AB has today agreed to acquire Daniamant A/S and Daniamant Ltd. from the NTR Holding A/S Group.
“This strategic acquisition brings together Daniamant’s and Hammar’s strengths and creates a solid foundation to further expand our businesses with the support of Ernströmgruppen Group. All at Daniamant look forward to this next exciting chapter with its new owners. Combining Ernströmgruppen Groups financial strength, engineering capabilities and proven experience will create a more dynamic environment for Daniamant, assisting us in developing further strategies to assist in the growth of Daniamant and Ernströmgruppen, whilst at the same time exploring key synergies that exist with other companies in our new owners portfolio.” Kevin Rough, CEO Daniamant.
“We are pleased to welcome Daniamant and its team on board as a global niche leader complementing CM Hammar and Polyform. Our combined entrepreneurial strength in marine safety will benefit our customers,” says Håkan Skutberg, Head of Business Area Global Niche Products, Ernströmgruppen.
Alexander Wennergren Helm, CEO of Ernströmgruppen, is looking forward to support Daniamant’s journey: “We are very impressed with Daniamant’s team and how they have managed to build a leading and global company. This acquisition will further strengthen our position in the marine safety market and provide a solid base for further expansion.”
For additional information, please contact:
CEO, Daniamant A/S
Daniamant specialises in the development and manufacturing of safety equipment for the commercial and leisure marine industry. Safety at sea is the core mission for Daniamant and it strives to produce and develop products that will save lives at sea. As the world’s leading manufacturer of life jacket lights, Daniamant feels an obligation to ensure the safety of all people at sea. Its motto, Safe People, Safe Systems, Safe Sailing, runs deep in the organisation and Daniamant always has its sights on maximising its contribution to the safety of the marine industry, continuously striving to develop its products to exceed marine safety standards.
Ernströmgruppen is a Gothenburg based industry conglomerate that acquires and develops well managed companies in future niches. The company operates to create value and to be a positive force in environment, sustainability and digitalization – for future generations. Ernströmgruppens business model, ”Collective entrepreneurial power” is based on four generations of national and international experience of combining the best of small businesses; entrepreneurial spirit, commitment, and effective decision-making, with the best of big business, such as financial stability, structure, and exchange of experiences. The company’s operations span everything from marine safety equipment, technology trade, to the delivery of components and services for energy efficiency of industries and properties. Ernströmgruppen currently consists of more than 30 companies with a
total turnover of around SEK 2.5 billion and has over 1000 employees in the Nordic and Baltic countries.
Categorised in: News