Value by growth in marine equipment
The Norwegian IMS Group AS has purchased all shares of the Finnish Sauvo-based Pocadel Oy.
This transaction opens up new vistas for Pocadel, especially in the offshore and yacht markets. There are plenty of synergies across operations, such as in after sales operations, the significance of which is continuously increasing as door automations become more commonplace. Among others, IMS Group companies manufacture various types of doors for offshore and marine market.
We are very happy to have found such a good successor for our business. Pocadel is a quality brand well known by both Finnish and international clients, we have skilled personnel and good products. All of us owners are reaching retirement age, and there are no good successors in our immediate vicinity, so selling to the right buyer was the perfect opportunity to ensure the on-going growth and profitability of the company.Maria Perrakoski, Chairman of the Pocadel Board
About Pocadel Oy
Pocadel Oy is a manufacturer of demanding glazed fire doors and walls used onboard ships and at offshore sites. Over the last 25 years, the company has grown into an international market leader, especially in the supply of grade A and B fireproof glass structures for cruise ships. Approximately 80% of Pocadel products are exported. The most important export destinations are Italy, France, and Germany. The company’s production facilities and design office are both located in Finland. Read more about Pocadel at pocadel.fi.
Pocadel is a very good match to widen our range of marine products. The company has a strong reputation, and the products are known for their high quality. In IMS group we believe this will help us to grow and look forward to working with the highly skilled team from Finland. Sami Luoto who has been CEO of the company for the last two years will continue to run the company.Roy Langseth, CEO of IMS Group
About IMS Group
IMS group AS is a Norwegian group of companies focusing on leading technological solutions for the offshore and marine market. Their vision is to be the preferred supplier of cost efficient solutions, ensuring safe and sustainable operations. Today they're the world-leading supplier of watertight doors, safety windows, ballast water management systems, incinerators, ejectors, and fire-rated doors and windows, with independent offices in Norway, USA, Germany, Singapore, Vietnam, China – and several agents worldwide representing the group. Read more about IMS Group at imsgroup.no.
Oaklins’ team in Norway acted as buy-side advisor in this transaction.
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