Consilium divests Marine & Safety Group

Consilium AB (publ) has agreed to divest all shares in Consilium Marine & Safety Group AB to Nordic Capital for a cash consideration of SEK 3,000 million on a cash and debt free basis. Consilium Marine & Safety focuses on development and marketing of safety products and systems for niche markets with high protection values and high safety demands. The business area operates within four main segments; marine, oil and gas, transport (train and underground) and building. Consilium Marine & Safety has a global presence with offices in more than 20 countries and employs more than 800 people (including joint ventures).

Consilium is advised by Mannheimer Swartling in the transaction, which is expected to be completed in March/April 2020 following shareholder approval and approval by relevant authorities.