Storskogen acquires 80 percent of the shares in Thermica AS (“Thermica”).
The company is specialised in construction of logistic buildings in Norway, with a reported turnover of NOK 526 million and an operating income (EBIT) of NOK 42.8 million for the financial year 2021. Thermica is a leading player in the Norwegian market for logistic buildings, having completed some of the country’s largest projects within warehouse and logistic buildings, fishing and aquaculture and cold and freezing storages. The company has 13 employees, and the headquarters are located in Lierstranda, close to Drammen. All the sellers are active in the company and will remain in their current roles and as minority shareholders.
“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 wellestablished 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.
“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 on behalf of the four founders.
Storskogen acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas Industry, Trade and Services in the Nordic countries, DACH and the United Kingdom. On 31 December 2021, Storskogen consisted of 105 business units with a total of approximately 9,000 employees and a trailing annual turnover (RTM) of over SEK 23 billion.
Synergos acted as financial and strategic advisor to Thermica in the process