Norvestor IV, L.P. has acquired a 70% stake in BecoTek, a leading manufacturer of brass cages for the ball and roller bearing industry, capitalizing on the growing demand driven by the wind energy sector.

Information on the Target

BecoTek is a prominent integrated manufacturer and supplier of brass cages for the global ball and roller bearing industry. The company has expertly controlled the entire value chain, commencing from the melting process through to the delivery of finished products. Since being acquired by Managing Director Arvid Bjørnstad in 2001, BecoTek has witnessed significant growth in both sales and profit margins. As of 2005, the company reported a turnover of NOK 194 million (€24 million) and achieved an EBITDA of NOK 20.3 million (€2.5 million).

To meet the surging demand for large brass cages, particularly in the growing wind energy sector, BecoTek is currently expanding its capacity. This includes the establishment of a new manufacturing facility in Romania, strategically located near one of its largest customers. The company is also evaluating potential expansions into the Chinese market. Under Bjørnstad's leadership, BecoTek is poised to enhance its market presence significantly.

Industry Overview in Norway

The brass bearing cage supplier industry in Norway is characterized by its fragmented structure, with numerous independent producers like BecoTek coexisting alongside the in-house capacities of major b