Clearwater International Denmark has advised NST DK A/S, a niche player in the Danish market for electrical components and electro mechanics, on its sale to Lagercrantz Group.
NST is a Danish importer and distributor of temporary power distribution and lighting, selling to more than 1,000 trade customers – primarily to installation companies in the Danish market, and also to wholesalers and customers in the industrial sector. Since founder Niels Sørum established NST in the mid-1990s, the company has become a leading player in its niche, with its product assortment and day-to-day service delivery being key drivers behind its impressive profitability and success.
Listed on Nasdaq Stockholm, Lagercrantz Group operates through 45 companies in four divisions: electronics, mechatronics, communications, and niche products. Today, Lagercrantz Group is active in nine countries in Northern Europe, China, India and the US. The group has approximately 1,300 employees and annual revenue of c.€320m.
The Clearwater International team consisted of Partner Andreas Lauth, Associate Director Mikkel Novod-Knudsen and Associate Louise Kamilla Normann.