The Callenberg Group AB has signed an agreement with ABB Automation
Technologies AB concerning the acquisition of ABB’s Gothenburg-based
Marine Ventilation operation. The agreement goes into effect on June 30, 2005.
The Callenberg Group AB is wholly owned by the Swedish private equity company
Segulah. The Swedish-based part of the Callenberg Group consists of the business
units Callenberg Engineering, Andersson & Callenberg, and El-Marine.
Additionally,
there are subsidiaries in Denmark, Norway, the USA, Singapore and China.
The Callenberg Group is one of Scandinavia’s leading companies in electrical,
automation and HVAC systems for the offshore and marine industries. Taking the
acquisition into account, the annual sales revenue of the Group will amount to
approx. SEK 800 million.
New subsidiary
In conjunction with the acquisition, a new company, Callenberg Fläkt Marine AB, has
been founded as a wholly-owned subsidiary of the Callenberg Group. As has been
the case to date, the operations of Callenberg Fläkt Marine will be run from
Gothenburg, Sweden.
“The operations of Callenberg Fläkt Marine are a natural and powerful complement to
our Oslo-based HVAC business,
AC Marine AS, which was acquired from ABB in
December of 2003. The primary focus of this business is the global, offshore-based
oil and gas industry,” says Callenberg Group CEO Lars Marcusson.
Callenberg Fläkt Marine has a strong position in the marine industry. Its presence on
important marine markets will be considerably reinforced by coordinating its sales
offices and agent networks with Callenberg’s existing marketing organization.
The expertise and resources that Callenberg Fläkt Marine brings to the Callenberg
Group will considerably improve the Group’s joint capability to carry out large and
technically complex assignments within its core fields of operation.
In conclusion Lars Marcusson says: “Although the deal does constitute a major
change for us, our customers can rest assured that it’s business as usual for them.”