Home / Knowledge / News / Apparel/Garments / Montagu to buy Helly Hansen Pro
Montagu to buy Helly Hansen Pro
18
Dec '10
Montagu Private Equity, one of Europe's leading private equity companies, is pleased to announce the agreement to acquire Helly Hansen Pro in partnership with its existing management team from the Helly Hansen Group. HH Pro is a leading provider of survival and personal protection suits to predominantly the offshore and shipping markets. Going forward the Company will be rebranded “Hansen Protection”.

HH Pro, headquartered in Moss, Norway, has ca 140 employees and is predominantly active in the Nordic region. It is organised in three main business segments: survival suit rental, used by personnel in their transport between land and offshore installations (oil and gas rigs), personal protection suits, used in other marine and hazardous environments (navy, chemical plants, fire brigades) and pro textiles, which includes boat canopies and products for the agriculture, industry and health sectors.

With the support of Montagu, management plans to continue its impressive track record of growth by expanding into adjacent markets and product categories and thereby capitalising on the huge opportunities its markets provide.

“HH Pro is a well managed business, providing essential products and services in attractive, growing markets. The Company has an impressive track record and we are very excited about supporting the business in its next phase of development” said Montagu's Anthony Greensmith, Director, and Christian Rasmussen, Investment Director, in a joint statement.

Terje Gorm Hansen, CEO of HH Pro, commented “HH Pro is the leading supplier of survival and personal protection suits in its markets. In Montagu, we have found an experienced investor whose investment style, geographical reach and expertise is a great fit for our business and its strategy. With their support, I am confident that our business will continue to grow and prosper well into the future.”

Peter Dahlberg, Director and Head of the Nordic region at Montagu said “in addition to HH Pro being an excellent company with great growth prospects, this investment also demonstrates Montagu's ongoing commitment to the Nordic region, this being our second investment in Norway this year and our fifth sizeable investment in the region over the past five years.”

Arctic Securities acted as financial advisor and Wikborg Rein as legal advisor to Montagu.

Helly Hansen Pro is the leading provider of survival and personal protection suits to the offshore and shipping markets, predominantly on the Norwegian continental shelf.

Montagu Private Equity

Must ReadView All

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Apparel/Garments | On 22nd Feb 2017

Amazon UK to create 5,000 full time jobs this year

Amazon UK said it will create more than 5,000 full time jobs this...

Textiles | On 22nd Feb 2017

Telangana CM seeks better life for handloom weavers

Chief minister of Telangana, K Chandrashekhar Rao assured handloom...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search