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Feddersen Group acquires majority stake in Norwegian machine trading company

On July 14, 2020, the Feddersen Group acquired 75% of the shares in the Norwegian company PROTEC Scandinavia AS and 100% of the shares in PROTEC Scandinavia Sweden AB from Pemel Holding AS. Both companies trade in machinery and equipment for the plastics processing industry and represent long-established manufacturers in this segment.

this segment.

With the acquisition of the shareholdings, the Feddersen Group is further expanding its regional presence in Northern Europe and will in future serve the Norwegian market with a legally independent company and its own sales structure. The portfolio of PROTEC Scandinavia AS will soon be expanded to include the distribution of engineering plastics. PROTEC Scandinavia Sweden AB is to be integrated into K.D. Feddersen Norden AB. Synergies within the group of companies are also to be exploited to a greater extent.