Segulah-backed PMC Group sells Norwegian operations to Ferd Capital

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nordic_snow_170sqHydraulics technology specialist PMC Group, which is backed by Nordic private equity firm Segulah, has agreed to sell its Norwegian operations to investment firm Ferd Capital.

PMC’s Norwegian business Servi is focused on the Norwegian offshore industry and has blue chip equipment manufacturers, yards and fleet owners among its clients.

Servi posted an EBITDA of NOK93m ($15.2m) on revenues of NOK777m ($127.5m) last year.

Following the deal, PMC will have annual revenues of SEK2bn ($296.6m) with operations in Sweden, Denmark, Finland, Poland, China, India and the US.

PMC Group CEO Mikael Andersson said, “We are pleased with this solution, which will allow Servi to continue to invest and grow in the global offshore industry, and also allow PMC Group to continue to develop its different companies.”

Earlier this year Segulah’s portfolio company St Eriks acquired water and sewage companies Kungälvs VA Teknik, Hydrokonsult in Töreboda and ASB in Mariestad.

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