Censor has on behalf of the owners acted as financial advisor and project manager in connection with the change of ownership when ECU Worldwide acquired a majority of Nordicon AB and Nordicon A/S.
Target
Nordicon is the leading neutral consolidation company in the Nordic region and organizes consolidated freights to more than 500 export destinations and from more than 300 import locations around the world. The group has offices in Sweden, Norway, Finland, and Denmark. During 2020 the companies had revenues of approx. SEK 350 million and EBITA of approx. SEK 40 million.
Buyer
ECU Worldwide, wholly owned subsidiary of Allcargo Logistics, is a global multi-modal logistics company and the world’s leading player in Less-than Container Load (LCL) consolidation.
