Clearwater advises Green Instruments A/S on its sale to Lifco AB

Transaction

Green Instruments sold to Lifco

Sell-side

Undisclosed

Role

Adviser to Green Instruments on its sale to Lifco

Sector

Industrial & Chemicals

Region

Denmark

Clearwater has advised Green Instruments A/S (Green Instruments), a global market leader within environmental technology solutions for the maritime industry, on its sale to Lifco AB, a listed Swedish investment company.

Founded in 1999, Green Instruments has over 20 years’ experience, establishing itself as a global market leader specialising in the design, development, and manufacture of monitoring and measurement systems for the maritime industry. The company also supports the industry’s green transition journey and increasing need for environmental emission monitoring. With 70 employees across offices in Denmark, Singapore, and the US, Green Instruments achieves a turnover of over €26m (DKK 200m) and an EBITDA of over €8m (DKK 60m). Its client portfolio consists of several blue-chip maritime original equipment manufacturers, as well as some of the world’s largest shipowners.

Lifco AB owns more than 190 companies, with a business strategy of acquiring and developing market-leading sustainable niche businesses, while maintaining a long-term view of its holdings. The acquisition of Green Instruments fits perfectly into its ‘Systems Solutions’ business area, which comprises companies with a high level of niche specialisation and product quality.

We are very content that Lifco will be guiding Green Instruments going forward with the same baseline, and as an independent company that will hopefully grow even more in the future. We have felt in very safe hands through the whole process with Clearwater and that is essential when selling a manager-owned business of this size. Since we decided on a sale, we have stayed in touch with the Clearwater team that has driven and completed the process in a professional and empathetic way and has handled all the interests of the stakeholders very well. On top of that, I am quite impressed by the team’s ability to familiarise themselves with the very technical solutions and market-specific conditions that a business like Green Instruments includes – an ability, that has been crucial when finding the right buyer.
Karsten Ries, Chairman of the board, Green Instruments

Green Instruments is a remarkable company and we are proud to have advised the owners and management in this transaction, underlining the constant interest in companies enabling or contributing to the green transition. The company established itself as a world-leading developer and manufacturer of monitoring and measurement systems of SOx – playing a crucial role in the green transition of an otherwise conservative industry. Through its ability to continuously innovate and be at the forefront of R&D, Green Instruments has positioned itself as a key technology provider for measuring exhaust gasses of new fuel types, such as methane stemming from dual fuel engines. We congratulate the owners and management on this sale and thank them for their brilliant cooperation during the entire process. We very much look forward to following their continued journey.
Carsten Rydahl, Partner, Clearwater