ABG Sundal Collier acted as joint advisor to Arendals Fossekompani in connection with the sale of 75% of Glamox to funds advised by Triton.

Deal announcement

On Friday, Arendals Fossekompani announced that they had divested their 75% stake in Glamox to funds advised by Triton for an equity consideration of NOK 2.76 billion plus interest until the closing date.
Closing is expected to take place in November/December 2017 subject to the fulfilment of customary closing conditions, including necessary anti-trust clearances.
 

About Glamox

Glamox is a Norwegian industrial group that develops, manufactures and distributes professional lighting solutions for the global market. Glamox was founded in 1947, and is a significant supplier to the professional building market in Northern Europe and a leading supplier to the world’s marine and energy markets. Its business operations are divided between three divisions; Professional Building Solutions mainly targeting the European lighting market for non-residential buildings, Global Marine & Offshore supplying light fittings to the global marine and offshore market and Sourcing, Production & Logistics handling orders, procurement, manufacturing, warehousing and distribution.
As of 31 December 2016, Glamox had 1,277 employees of which 50% of the employees were based in the Nordics, 39% in the rest of Europe and 11% in the rest of the world. For the year ended 31 December 2016, Glamox reported a total revenue of NOK 2,509 million and an operating profit of NOK 263 million.