Montagu Private Equity (“Montagu”), one of Europe’s leading private equity companies, is pleased to announce the agreement to acquire Helly Hansen Pro (“HH Pro” or the “Company”) in partnership with its existing management team from the Helly Hansen Group. HH Pro is a leading provider of survival and personal protection suits to predominantly the offshore and shipping markets. Going forward the Company will be rebranded “Hansen Protection”.

HH Pro, headquartered in Moss, Norway, has ca 140 employees and is predominantly active in the Nordic region. It is organised in three main business segments: survival suit rental, used by personnel in their transport between land and offshore installations (oil and gas rigs), personal protection suits, used in other marine and hazardous environments (navy, chemical plants, fire brigades) and pro textiles, which includes boat canopies and products for the agriculture, industry and health sectors.

With the support of Montagu, management plans...