Nordicon has sold a majority stake to ECU Worldwide
Gothenburg – Corporate Finance International (’CFI’) is pleased to announce that they acted as financial advisor and project manager to the owners of Nordicon AB and Nordicon A/S on the sale of its majority shares to ECU Worldwide.
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.
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.
The transaction closed on 29 July 2021.
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Nordicon, the leading neutral consolidation company in the Nordic region, has sold a majority stake to ECU Worldwide, a global multi-modal logistics company
This transaction was advised by:
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