EQT Opportunity Fund to acquire majority stake in Cimbria A/S

The EQT Opportunity Fund (“EQT”) has agreed to acquire a majority of the shares in the Danish industrial engineering Company Cimbria A/S (”Cimbria” or “the Company”) from the founding family. Previous main owners, Sven Toftdahl Olesen and Ole Toftdahl Olesen, will continue to own a significant stake and maintain key positions in the Company.

Cimbria was founded in 1947 and is headquartered in Thisted in Denmark. The Company has revenues of DKK 1,250 million and 900 employees at subsidiaries and branch offices in 20 countries. Cimbria produces machinery and turnkey plants in four business areas; Grain and seed processing plants, Bulk and waste handling technology, Vegetable oil extraction and biodiesel plants and Industrial air cleaning and process ventilation.

“We are very pleased to team up with a strong industrial and financial owner and look forward to continue to develop Cimbria together with EQT. EQT’s industrial approach will be valuable and of use for implementing our strategy for the future” says Ole Toftdahl Olesen, chief executive of Cimbria.

Cimbria is the fourth investment by the EQT Opportunity Fund that was launched by EQT in the beginning of 2006. EQT Opportunity Fund makes impact investments in medium sized companies which have a sound underlying business and a clear value creation potential, but which also face problems requiring special expertise to resolve. The fund is active in the Nordic and German speaking countries and has a committed capital of EUR 372 million.

“Cimbria is an interesting company exposed to fast growing markets which has resulted in considerable growth during the last five years. We look forward to work together with Cimbria, its management and employees to improve Cimbria’s operational infrastructure and support its continued growth” says Håkan Johansson, Senior Partner at EQT Partners.

The acquisition is subject to approval from the relevant competition authorities.

Håkan Johansson, Partner, EQT Partners,
+46 8 506 55 326

Johan Hähnel, Communications & PR,
+46 706 056 334, johan.hahnel@eqt.se

EQT logo