Duroc acquires Universal Power Nordic
– a leading supplier of engines for industrial and marine applications
Universal Power Nordic (UPN), with operations in Sweden and Norway, is a leading supplier of diesel engines for industrial and marine applications. The company also offers service, replacement parts and technical support to the market. Product offerings include strong brands such as Perkins, Kubota, Kohler and Lombardini.
The company, which in 2017 had revenue of MSEK 130 and an operating profit of MSEK 6, has 40 employees in Sweden and Norway. The company is headquartered in Skänninge, Sweden, where the company also maintains a spare parts warehouse and a shop for rebuilding engines, testing, service and special adaptations based on customer needs.
Customers are found in several segments, such as construction, farming, forest industry, power generation and marine industries.
”We are happy to add UPN to our business area Industrial Trading. UPN is one of Perkins’ oldest independent distributors globally. There are major similarities between existing businesses and UPN in how customer benefits are created”, says John Häger, President of Duroc.
This acquisition strengthens the level of profitability in Duroc’s business area Industrial Trading, which including UPN will approach annual revenue of MSEK 500. The acquisition is subject to formal approval by one of the suppliers and is expected to be finalised on 2 July 2018, provided that the terms of the agreement have then been met.
The information in this press release is such that Duroc AB is obliged to publish in accordance with EU’s Market Abuse Regulation. The information herein was provided for publication at 2:30 p.m. (CET), 31 May 2018 by the contact person named below.
For further information
John Häger, Chief Executive Officer, Duroc, +46-702 48 72 99
Duroc AB (publ)
Box 612, SE-182 16 Danderyd, Sweden. Street address: Svärdvägen 5
Telephone: +46-8-789 11 30. Telefax: +46-8-789 11 31
Corporate ID number: 556446–4286
The Duroc Group manages and develops industrial and trading companies. With deep knowledge of technology and market, the Group’s companies strive to achieve a leading position in their respective industries. As owner Duroc contributes actively to the development. Consolidated revenue amounts to approximately MSEK 2,400. The Group has approximately 700 employees. Duroc is listed on Nasdaq, Stockholm.