Duun Industrier AS, a leading Norwegian manufacturer of agricultural equipment, has been acquired by Stedi AS to facilitate growth and innovation, with Karl Martin Eggen continuing as CEO.
Target Company Overview
Duun Industrier AS is a renowned Norwegian manufacturer specializing in equipment for agriculture and contractors. Established in 1956, the company has built a strong brand over its 69 years of operation, emphasizing innovation, quality, and efficient production processes. Based in Åsen, Levanger, the company employs approximately 60 staff members and reports an annual revenue of around 110 million Norwegian Krone. The recent change in ownership is expected to facilitate further development and growth opportunities for Duun Industrier AS.
In addition to Duun Industrier AS, the deal also includes Duun Smia AS, a property company associated with the Duun brand. The former owner, Brødrene Duun Holding AS, led by Roald Andreas Duun and John Erik Duun, has expressed satisfaction with the transaction, noting that the new owners possess both the industrial expertise and commitment necessary for the continued success of these companies.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Norway
The agricultural and industrial sectors are crucial components of the Norwegian economy, driven by demands for innovative and efficient solutions. Norway's geographical landscape calls for specialized equipment that can withsta
Similar Deals
Stedi AS
invested in
Duun Industrier AS
in 2025
in a Other deal
Disclosed details
Revenue: $11M