Norvestor IX SCSp (“Norvestor”) has signed an agreement to acquire Norautron from EmbronGroupAS.Head quartered in Horten, Norway and with deep roots in the region alelectronics cluster, Norautronis a long-standing and trusted partner for many blue-chip companies across the Nordics, Europe, Asia-Pacific and the US.The Broch family, through Embron, will continue as a minority shareholderfollowing the transaction
As a high-end specialty electronics manufacturing services (“EMS”) company, Norautron partners with customer sthroughout the life cycle of their products, from new product introduction and prototypingthrough to full-scale manufacturing. With state-of-the-artprototy ping and manufacturing facilities in Norway,Sweden,Poland,China,and Malaysia, Norautron offers customers flexibility and capacity to meet their specific requirements across sectors such as maritime & ocean, electricity & energy, industry, connectivity & computing, healthcare,and defence & aerospace.
“We have followed the development of Norautronclosely for many years and are truly impressed with the organic growthjourney of the company sinceitsinceptionin Horten in 1989 when the late Jørgen Cato Broch established what is now the global Norautron group.”says Per-Ola Baalerud, Partner at Norvestor Advisory.“Highly successful global customers and several recent strategic wins in the home market means that the companyis preparing toramp up activities andmake significant investments in local competence, facilities, infrastructure,and capacity.Core to this journey is the establishment of a world-class greenfieldfacility in Horten where all of Norautron’slocal activities are gathered under one roof.”Baalerud continues. “Advanced electronics is at the heart of almost any product or system these days, and we believe there are strong secular trends supporting the continued growth of Norautron and its morethan 150 customer swhodelivera widerangeofproducts,systems,andsolutions -from deep sea to outer space,” Baalerud finishes.
Norautron has a seasoned international management team, with severalspending decades atthe company.“Having been with Norautron only since early 2025, I am continually impressed by the breadth and depth of our team’s competence and unique company culture where everyone strivesto deliver on our customer promise no matter what”says Bjørn EinarBrath, CEO of Norautron.”We have some of the world’s most admired and demanding companies as our customers, and with Norvestor onboard as a partner we planto grow our footprint and further strengthen our capacity and capabilities, continuing to deliver to the high expectations of our customers.” Brath added.
“Leaving such an important part of the Brochfamily business in the hands of new owners after more than 35 years is a process we havenottakenuponlightly”, says Kjell Magne Leirgulen, CEO of Embron Group. “Norvestor has a track record of partnering with entrepreneursand management teams in highly reputed companies to develop and grow businessesinternationally while remaining committed to the unique culture and competence in local communities from where the businesseshave evolved.They are a perfect match for Norautron in the next phase of the company’s development.” Leirgulen added.
Norautron had revenues of approximately NOK2.5 billion in 2024 andhas more than 1,000employees across its6offices and manufacturing sites.
The transaction is subject to customary approval from relevant competition authorities and is expected to be completed no later than January2026.
For further information:
Per-Ola Baalerud, Partner, Norvestor Advisory
Tel.: +47916 30 007
Email: pob@norvestor.com
Kjell Magne Leirgulen, CEO, Embron Group
Tel.: +47977 23 121
Email: kjell.magne.leirgulen@embrongroup.com
Bjørn Einar Brath, CEO, Norautron Tel.: +47915 56 210
Email: bjoern.brath@norautron.com
Norautron is a full-service electronics manufacturer established in 1989. Norautron offers customers flexible and cost-effective services and isa trusted and highly competent partner for a number of global companies. Norautron headquarters are situated in Horten,Norway,and the group has more than 1000 employees in 6different countries.Read more at www.norautron.com.
Embron Group is a family-owned investment company, 100% owned by the Broch family. With focus on long-term value creation through active ownership, Embron is primarily investing in mature and well-established B2B companies.Read more at www.embrongroup.com
Norvestor Advisory is a leading private equity company focusing on mid-market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 99
investments with >600 add-on acquisitions, in addition to executing 67 exits, including 16 IPOs. The Norvestor Funds seek to invest in growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion. Read more at www.norvestor.com
