Saga Corporate Finance has assisted the Lauritzen family in its sale of 50% of the shares in Optivask AS, the holding company of Nor Tekstil, to Leo AS.
Nor Tekstil is the leading textile cleaning, washing, and rental company in Norway. Nor Tekstil has roots back to 1965 when Finn Lauritzen bought Bergens Vaskeriet in Sandviken, Bergen. Tor Lauritzen took over the family firm from his father at just 23 years of age. Tor expanded the business, and in 2005, he merged with Leif and Ove Belsvik to form Nor Tekstil. Today, Nor Tekstil employs 1,200 people across its 25 laundries, with revenues of more than 1.3 billion in 2019.