Altor acquires Norican


Dec 19 2014

Altor Fund IV (Altor) has signed a binding agreement to acquire a majority of the shares in the leading metallic parts enhancement company Norican Holdings ApS (“Norican”).

Norican is a global company with more than 2,200 employees headquartered in Taastrup, Denmark. The company also has a divisional headquarter in Altrincham, UK and production in Denmark, China, India, US, Mexico, Germany, Czech Republic, Poland and France.

Norican is a leading global provider of a broad equipment and services portfolio to the metallic parts formation and preparation industries. The company has a diversified customer base spanning more than 15,000 active customers in almost 100 countries and over 30 end-markets. The company works closely together with its customers in order to develop innovative and cost-efficient solutions that fit the customers’ individual needs.

– Norican is a world market leader in very interesting segments supported by attractive structural growth drivers. We are very impressed with the business platform that the employees and management team have built under the current ownership and we look forward to supporting the company in its future development, says Søren Johansen Partner at Altor Equity Partners.

– This is yet another major milestone for the Norican Group, says Robert E. Joyce Jr., President and CEO. Being able to team with Altor, the leading Scandinavian private equity firm creates a unique opportunity for us in pursuing the next phase of our strategic evolution. While we thank our former partner, Mid Europa, for their contribution to the success of the company we jointly built over the past eight years together, we look forward to working with Altor in writing the next chapter of Norican’s great story.

Mid Europa and Accession II Investment Capital Ltd are the selling majority shareholders and after the transaction Altor, together with management, will hold 100 % of the shares. Altor’s fourth fund closed in July 2014 and Norican is the second acquisition to be made. The fund is domiciled in Sweden and has a 15-year term.

Nordea, SEB and Swedbank provide debt financing for the transaction.

Closing of the transaction is subject to customary regulatory requirements and approvals.

For more information, please contact:
Søren Johansen, Partner at Altor: +45 3336 7300
Tor Krusell, Head of Communication, Altor: +46 8 678 91 96

About Altor:
Since inception, the family of Altor funds have raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.1 billion in more than 40 companies. The investments have been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements. For more information see

About Norican:
Norican Group is the world’s leading provider of technology and services for improving metallic parts. Currently the offer includes all forms of parts formation (horizontal, matchplate and vertical moulding) and surface preparation technologies (airblast, wheelblast and mass finishing). Its core branded technology platforms are DISA and Wheelabrator. The organisation represents over 100 years of expertise and experience, and employs more than 2,200 people over 4 continents, with major operations in Canada, China, Czech Republic, Denmark, France, Germany, India, Mexico, Poland, Switzerland, UK and USA. Norican Group works with the industry’s leading representatives and business partners in serving its customers throughout the world.

For additional information on Norican Group please visit:

Press contact

Tor Krusell

Head of Communications

+46 705 43 87 47


Altor Team


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