FPEF II Acquires Hatteland Display

Tuesday, March 27, 2007
Ferd Private Equity Fund II (FPEF II) has signed an agreement to acquire 90 % of the shares in Jakob Hatteland Display AS (Hatteland Display). FPEF II acquires in total 90% of the shares in the marine display and panel computer producer Hatteland Display, from Jakob Hatteland Holding and CEO Knut Vidar Lauritsen. Lauritsen will retain an ownership of 10% in the company.

Hatteland Display, with headquarters and production in Nedre Vats, close to Haugesund in Norway, is a leading payer within development and production of type approved displays and panel computers. The products are used by system integrators and can be found on all vessel types, all over the world. The company has approx. 110 employees.

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