Minority sales mandate

Jets AS

Sale of minority stake in Jets AS to Stokke Invest AS

Saga Corporate Finance advised a group of shareholders in the sale of a minority stake to Stokke Industri AS.

Jets AS is a world leading provider of specialized vacuum technology. Initially the system was developed as a sanitary solution for ships-and offshore vessels, but is now also offered to several types of land based applications such as cabins, buildings, supermarkets, trains, and more. Jets AS is located in Hareid, has more than 100 employees and annual revenues of around MNOK 400.

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Ivan Alver

Senior partner

(+47) 908 404 56 ia@sagacorporate.no

Jets AS is a world leading provider of specialized vacuum technology solutions for vessels and land-based applications.

Commissioned by Gjerde family

Mandate Sales mandate

Industry Vacuum sanitary systems

Employees 100

Selling our shares was not an easy decision, and it was essential for us to find a buyer that would fit with the remaining shareholders and contribute with competence in the board room. Saga was able to find Stokke Industri, a buyer we felt comfortable could contribute to the future of the business. Therefore, we are confident that Jets is in good hands with Stokke as an owner. We thank the Saga team for having our best interest in mind.

Svein Rune Gjerde, owner of Jets

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