Who is Norican Group?
Backed by Altor Equity Partners, Norican Group is the world's leading provider of technology and services to improve metallic industrial parts.
What does Norican Group ("Norican") do?
Norican provides technology and services to help its customers design, develop and refine metallic parts used in their businesses. The company is headquartered in Denmark and has over 2,200 employees across four continents. Norican serves 15,000 customers in over 30 markets.
"We have the strength, experience and innovation to shape the industry in the future" - Norican Group
Why Altor Equity Partners invested in this business:
- It saw the potential for Norican to acquire a number of competitors over the coming years
- To improve the quality and value of Norican’s customer relationships by increasing customer understanding
- To capitalise on the potential for growth through new product development.
Why we like the investment
"We like Norican’s world leading position and the value enhancement service that it provides to its customers across the globe" – Merrick McKay, Aberdeen Standard Investments