Stokke Industri AS to acquire 38.6% of Jets AS

(Wednesday, December 20, 2017)

Stokke Industri AS has entered into an agreement to acquire 38.6% of the shares in Jets AS. The sellers are Marin Eiendom AS and Ranveig Antonia Gjerde, Trude Gjerde and Mathias H. Gjerde. The acquisition is pending a satisfactory due diligence of the company.

Stokke Industri AS is a company owned by Rune Stokke and Maria Loen with family. The company is based on values created through more than 85 years of industrial ownership and development. Stokke Industri AS is focused on utilizing its experience and knowledge to develop industrial companies. “We find Jets to be a very interesting company and we wish, together with existing owners and management, to take part in the continued positive development of Jets”, says Rune Stokke, chairman and partner of Stokke Industri AS.

The sellers, who are descendants of the co-founders of Jets, Edvard and John Gjerde, have been considerable, active owners of Jets since the founding of the company in 1986. “We still have great faith in the future of Jets, and we have with mixed emotions decided to sell. We have been a part of Jets for nearly 32 years, so it was not an easy decision to make. We decided on some criteria for selecting a new owner of the shares, and when Stokke Industri AS showed interest, we decided to sell our shares in Jets” says Svein-Rune Gjerde. Saga Corporate Finance through Ivan Alver has been advising the sellers during the sales process.

“The sellers, represented by the Gjerde families, have been good and active owners in Jets. As they decide to sell their shares, it is positive for the company to have a new solid shareholder, with considerable industrial experience, come on board to further develop the company together with the existing shareholders. Jets is well positioned for continued strong growth in several promising market segments and with future-oriented solutions”, says chairman of Jets AS, Anders Almestad.


Contact persons:

Stokke Industri AS: Rune Stokke, tel.: +47 913 70 922
The sellers: Svein-R. Gjerde, tel.: +47 911 89 888
Jets AS: Anders Almestad, tel.: +47 950 24 885

Jets AS is a company specialized in vacuum technology. The group has a turnover of more than MNOK 400 and is located at Hareid in the Sunnmøre region of Norway. The group has more than 80% of its turnover related to export and has more than 100 employees. Other major shareholders are the families Hofseth, Haddal and Øvsthus.

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