Norwegian investment company AWC has entered into an agreement to acquire 82 per cent of the shares in Sleipner Motor, a Norwegian marine thruster and stabiliser specialist.
The agreement establishes a majority ownership structure in which AWC will hold 82 per cent. Sleipner CEO Ronny Skauen will increase his ownership stake to 16 per cent. Other members of the Skauen family will retain 2 per cent.
Sleipner will continue to operate as an independent company with its existing management, organisation, brand and strategy. In a media statement, the company states that the partnership will support further international development, leveraging technology and operations in Norway.
“This is an important step for Sleipner,” says Skauen. “After ownership has become more dispersed in recent years due to generational transitions, we have been looking for a long-term, Norwegian, and financially strong partner who understands the industry and can support our continued international development and growth. AWC shares our ambitions and culture and provides us with both trust and freedom to act. We look forward to building the future together.”
“We have been looking for a long-term, Norwegian, and financially strong partner who understands the industry and can support our continued international development and growth”
Andreas Mørk, investment director at AWC, adds: “Sleipner is an exceptional Norwegian company with world-leading positions in highly attractive niches. The company has a strong industrial identity, forward-looking technology and a culture that creates lasting competitive advantages. Sleipner is a company AWC is proud to be associated with.”
Sleipner Motor is headquartered in Fredrikstad, Norway. The company develops and manufactures products for the international maritime sector and operates through a global distributor network and boatbuilding partners. It has subsidiaries in eight European countries and employs more than 250 people.
AWC says it invests in businesses with established market positions and growth plans. The company forms part of the family-owned Awilhelmsen Group.
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