Renta Group Oy (“Renta Group” or “Renta”) strengthens its position in the Norwegian infrastructure rental sector by acquiring W. Giertsen Services AS’s (“WGS”) and AGTunnel AS’s (“AGT”) tunnelling infrastructure assets in two business transfer deals comprising in total nine specialised machines for tunnelling infrastructure projects.

The acquisitions are aligned with Renta’s strategy to expand its specialised infrastructure machinery rental business. In connection to the transaction, Renta signed long-term cooperation agreements with both WGS and AGT on the rental of specialist tunnelling machinery and general rental equipment to WGS and AGT. The cooperation agreements are expected to further drive cross-selling synergies between Renta’s tunnelling specialty and general rental operations. The transferring fleet is compatible with Renta’s existing tunnelling fleet and consists of equipment from high-quality OEMs.

The acquisitions have been completed.

Leif-Martin Drange, Managing Director at Renta Norway, said: “The transactions mark another step forward in our pursuit to grow in the attractive tunnelling infrastructure rental market. In addition to growing our fleet, we are particularly excited about strengthening and formalising the cooperation with two reputable companies in the Norwegian market. We expect the cooperation with W. Giertsen Services and AGTunnel to be mutually beneficial and to help us drive sales synergies between our specialist tunnelling rental operations and our general rental business.”

Enquiries: ir@renta.com

Renta Group Oy (“Renta Group” or “Renta”) acquires Containertech Rental AS (“Containertech Rental” or “the Company”), the rental business of Containertech AS. Containertech Rental is a rental company offering specialised container-based water treatment solutions used especially in tunnel infrastructure projects across Norway. The Company has an annual revenue of approximately NOK 26 million.

With the acquisition, Renta further strengthens its position in the infrastructure rental segment by extending its product offering to container-based water treatment solutions. Containertech is a rapidly growing company with strong profitability and a modern fleet from high-quality OEMs. The acquisition is aligned with Renta’s strategy to expand its specialised infrastructure machinery rental business, while seeking to leverage cross-selling opportunities between Renta’s general rental services, and its tunnelling infrastructure operations.

The acquisition has been completed.

Leif-Martin Drange, Managing Director at Renta Norway, said: “Containertech Rental provides high-quality specialised equipment to support our growing infrastructure rental business unit. By combining Containertech Rental’s operations and fleet with Renta, we see a strong opportunity to elevate our capabilities. This acquisition not only reinforces our market position but also enables us to offer a more complete and competitive solution to our customers in the infrastructure space.”

Enquiries: ir@renta.com

Wiesbaden, April 2nd, 2025 – MÜPRO International GmbH (“MÜPRO” or “the Group”), a portfolio company of IK Partners’ funds, is pleased to announce that it has signed an agreement to acquire MSS Building Services Ltd (“MSS” or “the Company”), a specialist distributor of advanced support systems based in Ireland. This acquisition marks MÜPRO’s first direct presence in the Irish market, reinforcing its commitment to serve customers across borders with local expertise and technical excellence.

Headquartered in Dublin, Ireland, MSS has developed a strong reputation for its deep technical know-how and reliability, particularly in the fast-growing Data Centre sector. The company is known for its comprehensive range of mechanical and electrical support systems, including bespoke prefabricated solutions for complex infrastructure environments. Its experience in high-performance and mission-critical settings – especially supporting datacentre construction and fit-outs – has made MSS a trusted partner to major players in the Irish and European markets and has an existing relationship with MÜPRO as a supplier.

Since the investment by funds managed by IK Partners into MÜPRO, this transaction is the second acquisition of MÜPRO and is part of its long-term strategy to become a leading European player in the pipe fastening market by growing in core markets and new geographies both organically and through M&A. The acquisition of MSS also marks an important cornerstone for further growth in the UK and Ireland and better enables the group to serve multinational customers, especially those in the datacentre and technology infrastructure space. The transaction is subject to customary regulatory approvals.

Dr. Wolfgang Gödel, CEO of MÜPRO Group, said:
“We are delighted to welcome MSS to the MÜPRO family. Its outstanding service level, high-quality solutions and deep customer relationships with key clients in Ireland complement our own strengths and ambitions. Establishing a direct presence in Ireland and expanding our expertise in data centre projects is an important milestone in our international expansion, and we look forward to building on the strong foundations MSS Services has created.”

Darren Kiely, Director of MSS Services Ltd, commented:
“Becoming part of MÜPRO marks an exciting new chapter for MSS Services. This partnership will allow us to leverage MÜPRO’s extensive product portfolio, R&D capabilities, and international network while continuing to deliver the same trusted service to our clients. We look forward to growing together and bringing even more value to our customers.”

William McDonald, Director of MSS Services Ltd, added:
“MÜPRO shares our hands-on, customer-first philosophy, and that was incredibly important
to us. We’re confident that this collaboration will open new opportunities not just for our team,
but also for our clients, who will benefit from an even broader range of solutions backed by a
global brand.”

Beringen, Belgium – Plastiflex Group N.V. (“Plastiflex”, “Plastiflex Group” or “the Group”), a leading manufacturer of high-end tubing systems and custom components is pleased to announce that it has made two transformational acquisitions with the addition of both Smooth-Bor Plastics (“Smooth-Bor”) and TIK d.o.o. (“TIK”). These investments will further enhance the global growth and technological leadership profile of Plastiflex by consolidating the Group’s strong position in the fast-growing respiratory care market and by adding new end-markets with high growth potential to its fluid management segment (such as filters or bloodlines for dialysis patients).

A Strengthened Group

The acquisition of Smooth-Bor strengthens Plastiflex’s leading position in tubing systems for the rapidly- growing respiratory care market, while the acquisition of TIK provides Plastiflex entry to the catheter manufacturing market to complement its current healthcare fluid management offering. The Group will now have 12 manufacturing facilities globally, with 7 dedicated healthcare facilities in North America (USA and Mexico), EMEA (Germany, Slovenia and Turkey) and Asia (China and Malaysia).

Since IK Partners’ investment in 2021, Plastiflex Group has accelerated its buy-and-build strategy, making a total of four add-on acquisitions in the Healthcare sector. At present, the Group expects to generate approximately €200 million in sales and roughly €50 million in EBITDA in 2025, with the vast majority derived from customers in the sector. Plastiflex envisions a clear trajectory to continue its growth, aiming to double its sales in the coming years by leveraging its current footprint and client portfolio in these fast-growing end markets while continuing to execute on its buy-and-build strategy.

Smooth-Bor

Founded in 1971 and headquartered in California, USA, Smooth-Bor is a leading healthcare company, specialised in the production of corrugated heated tubes for continuous positive airway pressure (“CPAP”) devices, as well as other tubing systems and masks for the respiratory care market with a specialisation in sleep apnoea. The company employs over 100 people who are based across its manufacturing sites in North America and Malaysia.

Through the partnership with Smooth-Bor, Plastiflex will be able to further consolidate its leading position in the market and utilise additional production capacity in USA and Southeast Asia, in line with the Group’s operational strategy of regional self-sufficiency.

Smooth-Bor will continue to be led by CEO Eric Carlson as well as President and CFO Steve Caiozzo.

TIK

Established in 1971 and headquartered in Kobarid, Slovenia, TIK is a leading manufacturer of disposable medical devices, specialised in the production of coated urethral catheters and follicle aspiration needles. The company also produces a wide range of tubing systems for other applications in the field of respiratory care, gynaecology and gastroenterology. At present, TIK employs over 90 people.

By joining forces with TIK, Plastiflex will be able to further extend its product portfolio in the fluid management market space and utilise additional production capacity in Europe, in line with the Group’s operational strategy of regional self-sufficiency.

TIK will continue to be led by Managing Director Petra Borovinšek, who has been in place since 2018.

Piet Gruwez, CEO of Plastiflex, said: “We’re delighted to announce the acquisitions of Smooth-Bor and TIK as we continue to strengthen Plastiflex’s as a leading medical device manufacturer of tubing systems. The acquisition of Smooth-Bor will further strengthen our leadership position in the fast-growing respiratory care market, while the acquisition of TIK provides us with access to the catheter manufacturing market, a market with huge growth potential for the group. We look forward to working closely with the employees of both companies to integrate them fully within the ever-evolving Plastiflex Group.”

Eric Carlson, CEO of Smooth-Bor Plastics, commented: We are very happy about the further development of Smooth-Bor within this strategic partnership with the Plastiflex Group and we are convinced that, together, we will be able to offer a further enhanced product portfolio to all our customers across the globe.”

Petra Borovinšek, Managing Director of TIK, added: “We are thrilled to be joining forces with Plastiflex, leveraging our shared experience to continue sales growth in Europe, further enhance our product portfolio and reinforce the Group’s position as an indispensable partner to distributors.”

For further questions, please contact:

Plastiflex Group
Piet Gruwez
Chief Executive Officer
Phone: +32 11 45 03 99
piet.gruwez@plastiflex.com

Leading accountancy and advisory services provider to the SME market, Dains Group (“Dains”), announces that it has made its first acquisition since securing private equity backing from IK Partners (“IK”) in a move that reinforces a growing intention to build the leading SME advisory business in Scotland.

Consilium Chartered Accountants, based in Glasgow, has joined Dains Group, which significantly strengthens the client proposition in corporate tax, audit, and corporate finance. The team in Scotland is now almost 200 people strong, with offices across the central belt.

Consilium has a strong reputation as being a highly customer-centric, personable, and progressive business that has built a highly talented team since its establishment in 2013. “We were attracted to Consilium because of their advisory mindset and strong cultural values,” said Graeme Bryson, Scotland Managing Partner at Dains Group. “It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”

David Holt, Partner at Consilium, commented: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team. Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”

“We are delighted to welcome Consilium to the Dains Group,” said Richard McNeilly, CEO of Dains Group. “It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial. We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co., and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”

Pete Wilson, Partner at IK, added: “It is fantastic to welcome Consilium to Dains, which represents the 11th acquisition by the group since 2021. Dains has a clear ambition to differentiate itself, through offering a high-quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market – I know the team cannot wait to get started.”

Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax Structuring) and CMS (Legal). Consilium were advised by Vialex (Legal).

Stockholm, December 20, 2024

Picture from left to right: Rolf Rosenvinge, CEO Foresights; Anna Averud, CEO Truesec Group; Marcus Murray, Founder Truesec.

Truesec announces the acquisition of Foresights, a company specializing in cyber advisory and intelligence.

The combination of Truesec and Foresights will provide decision-makers and organizations with unique insights and tools to manage business risks.

35% of European enterprises will have dedicated budgets for cyber risk mitigation for the first time this year. This trend is driven by increased cyber threats and the need to protect against revenue loss, operational disruption, and reputational damage caused by these threats

Organizations are facing rapidly increased risks due to the current geopolitical landscape, digitization, and maturing cyber threats.

Decision makers are in urgent need of efficient solutions to navigate and mitigate cyber risks. The acquisition of Foresights is a key component in Truesec’s strategy to provide sustainability and resilience to organizations.

Foresights has an impressive track record and unique expertise in the industry. Together, Truesec and Foresights will provide unparalleled insights, advisory, and intelligence to the market.

“The market is seeking executive advisory and intelligence solutions within cyber. Everyone deserves maximum value for their cyber investments. We are very pleased to welcome Foresights to Truesec,” says Anna Averud, CEO Truesec Group.

Foresights’ founder and CEO, Rolf Rosenvinge, adds, “By becoming part of Truesec, we can combine our strategic insights and understanding of business risk with Truesec’s deep technical expertise and extensive knowledge of the cyber threat landscape. This mix will give our customers a true advantage against adversaries”.

The acquisition means that Foresights employees will be integrated into Truesec’s organization, and collaboration between the two companies will begin immediately.

Contacts

Anna Averud 
CEO, Truesec Group
Email: anna.averud@truesec.com 
Phone: +46-70 918 30 48

Jennie Mattar 
CMO, Truesec Group
Email: jennie.mattar@truesec.com 
Phone: +46-72 858 88 78