MT Højgaard A/S has sold Promecon a/s to Kemp & Lauritzen A/S
Kemp & Lauritzen A/S, through its subsidiary L&H Rorbyg A/S, has taken over the servicing activities of MT Højgaard’s subsidiary, Promecon a/s. Financial details of this transaction have not been provided.
Promecon is a leading company within its niches of business services which can be divided into three complementary areas: piping, process plants and steel structures; tanks; and Industrial service and maintenance. Services are primarily provided to the oil and gas industry.
Kemp & Lauritzen is engaged in electrical installations and engineering, energy installations, process control, mechanical works, district heating, industrial piping HVAC, tele communication and ventilation. Kristian May, Kemp & Lauritzen Executive Vice President, said: “Promecon activities are no longer adapted to MT Højgaard’s focus, and therefore we have decided to divest it. With L&H Rorbyg, the service activities will get a solid new owner. Meanwhile, the market for traditional steel projects has receded in recent years, so we divest our few remaining activities.”
MT Højgaard provides building and civil engineering services to both the public and private sectors in Denmark.
Oaklins' team in Denmark advised the seller in this transaction.
Talk to the deal team
Related deals
TEAM Safety Services Limited has been acquired by Vadella Group
TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.
Learn moreMEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreBrand Group has acquired The Natoon Group
The Natoon Group has been acquired by Brand Group. This acquisition represents a significant strategic move that will help establish new, robust and stable growth channels. The transaction is intended to expand Brand Group’s revenues through service companies with recurring and predictable income streams supported by long-term contracts. As part of the agreement, Natoon’s senior management will continue to lead the company’s growth.
Learn more