The private equity fund Triton has sold Logstor to the listed Irish construction and insulation materials group Kingspan Group. The price for Logstor is approx. DKK 1.9 billion.
Logstor is a leading manufacturer of pre-insulated pipe systems for district heating etc. The company has 1,100 employees in 14 countries and has sales and production facilities in Denmark, Sweden, Finland and Poland.
The Kingspan Group is one of the largest global suppliers of insulation materials for the construction industry.
The transaction is subject to the approval of the Danish competition authorities and is expected to be completed in mid-2021.
Accura advised Triton in connection with the transaction.