Season’s Greetings from Reiten & Co!
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Reiten & Co
On November 28th former Reiten & Co Portfolio Company Zalaris and Founder Mr. Hans-Petter Mellerud received the "EY Entrepreneur Of The Year 2017" award, following his win in the "Services"-category. Congratulations to Zalaris and Mr. Mellerud on this great achievement! >>
Reiten & Co
Norwegian Cruise Line has awarded Scanship a two-year service agreement, thereby confirming the continuation of a longtime co-operation for cleaner oceans. It has been 15 years since Scanship installed the first advanced water purification (AWP) systems on NCL ships.>>
Reiten & Co
CNH Industrial has chosen Brubakken as the new importer of Case Construction Equipment in Southern and Central Norway. The contract includes the sale and service for Case machines in Norway, in addition to taking over the service agreement for existing Case machines in the region. >>
Reiten & Co
A mutual interest in contributing to cleaner oceans has translated into an agreement between Sir Richard Branson’s Virgin Voyages and Scanship, a Norwegian company specializing in waste management and waste water purification. Together they will join forces to develop a game changing technology which will transform waste to energy. The news on the collaboration was presented by Richard Branson during a Virgin Voyages event in Italy earlier this week.>>
Reiten & Co
Scanship Holding ASA released their operational update for Q3 2017 yesterday. The strong performance continues and the company reported revenues of NOK 60.3m (Q3 2016 NOK 48.4m) and a solid EBITDA of NOK 9.3m (Q3 2016 NOK 1.9m), representing a margin of 15.3% (up from 3.9% in the same quarter last year). >>
Reiten & Co
Webstep ASA was successfully introduced on the Oslo Stock Exchange. The IPO price was NOK 24.50 per share, representing a total value of the Company of NOK 643m, including the NOK 120m new share issue. A few days of trading has validated the IPO price. >>
Reiten & Co
As announced earlier in September, Webstep intends to list their shares on the Oslo Stock Exchange and the terms of the IPO is now released. Subject to approval of the application for listing and successful completion of the Offering, the company is expected to be admitted to trading on 11 October 2017. The indicative price range for the company’s shares is set at NOK 23.75-27.75, corresponding to an equity value of NOK 505-590m>>
Reiten & Co
For 1H 2017, Scanship delivered their best half year results ever and a record-high order book of NOK 360m. Revenues came in at NOK 117.2m, up 38% from the same period in 2016 and EBITDA before non-recurring items at NOK 11.9m (10.2% margin).>>
Reiten & Co
Reiten & Co Capital Partners VII L.P. has sold its 32.7% ownership interest in Data Respons ASA, at NOK 26.5 per share, representing a total transaction sum of approximately NOK 426.3m. The transaction was done through an accelerated bookbuilding process yesterday. >>
Reiten & Co
Scanship has entered a contract together with Kruger Kaldnes to supply its technology for Lerøy's new smolt hatchery Sjøtroll in Norway. The hatchery, said to become the world largest when completed in 2018, will be equipped with Scanship technology for complete sludge handling with filtration, dewatering and drying. The system will be delivered in Q1 2018.>>
Reiten & Co
Con-Form delivered a record-high result for 2016, with NOK 992m in revenue and an EBITDA of NOK 43.6m. This is a significant improvement from 2015, and the strong performance is set to continue with a matching record-high order book of NOK 740m. >>
Reiten & Co