Entec Evotec Expands with Acquisition of Fortaco Gruza
Deal News | Jun 03, 2025 | CEE Legal Matters
BDK Advokati, in collaboration with the legal firm Kvale, has provided advisory services to Entec Evotec, a Norwegian company, for its acquisition of Fortaco Gruza. This Serbian entity is part of the Fortaco Group listed on Nasdaq Helsinki. Entec Evotec, known for its high-performance handling systems, aims to enhance its portfolio with Fortaco Gruza, which specializes in manufacturing equipment for maritime and energy sectors. Fortaco Gruza has a significant presence with a 10,000-square-meter facility and a workforce of approximately 90 professionals. The sellers received advice from Advokatfirmaet Selmer.
Sectors
- Legal Services
- Manufacturing
- Offshore and Marine Equipment
- Private Equity and M&A
Geography
- Norway – Entec Evotec, the acquiring company, is based in Norway.
- Serbia – Fortaco Gruza, the acquired company, is located in Serbia.
- Finland – Fortaco Group, the parent company of Fortaco Gruza, is listed on Nasdaq Helsinki, hence related to Finland.
Industry
- Legal Services – BDK Advokati and other legal firms were involved in advising the acquisition, highlighting the industry's role in M&A transactions.
- Manufacturing – Fortaco Gruza is involved in manufacturing advanced equipment for the maritime and energy sectors.
- Offshore and Marine Equipment – Fortaco Gruza produces equipment such as winches, cranes, and systems for the offshore and maritime industry.
- Private Equity and M&A – This sector is involved due to Entec Evotec's acquisition of Fortaco Gruza, showcasing strategic expansion activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Entec Evotec AS | Acquirer | Company | Provider of high-performance handling systems based in Norway. |
| Fortaco Gruza | Target Company | Company | Serbian subsidiary of Fortaco Group, manufacturing advanced maritime and energy equipment. |
| Fortaco Group | Selling Company | Company | Parent company of Fortaco Gruza, listed on Nasdaq Helsinki. |
| BDK Advokati | Legal Advisor | Company | Legal firm advising Entec Evotec on the acquisition. |
| Kvale | Legal Advisor | Company | Legal firm assisting BDK Advokati in advising Entec Evotec. |
| Advokatfirmaet Selmer | Legal Advisor | Company | Legal firm advising the sellers. |