About Bertel O. Steen Industri
History
Bertel O. Steen Industri is a part of the Bertel O. Steen Group, a company that has been owned by the Steen family for close to 120 years.
The Bertel O. Steen Group has grown to become one of the largest trading and service houses in Norway. It has more than 3.000 employees and more then 20 BNOK in revenue.
The core operation lies within mobility, where Bertel O. Steen imports brands such as Mercedes-Benz, Peugeot, Citroën, DS, Kia, Opel, Fiat, Jeep and Alfa Romeo.
The Bertel O. Steen Group also has significant operations within real estate and industrial investments. The investment portfolio is managed by Bertel O. Steen Kapital, where Bertel O. Steen Industri is one of the portfolio companies
Present
While the Bertel O. Steen Group has more than a century of experience in industrial ownership, Bertel O. Steen Industri is a relatively new company. The inception is directly linked to the creation of Bertel O. Steen Kapital in 2019, which is the current majority owner. Bertel O. Steen Kapital is the investment arm of the Bertel O. Steen Group. Their mandate is to provide active ownership for Norwegian B2B companies with equity value starting at ~300 MNOK+, and which has the potential to reach a ~1 000 MNOK valuation on a 5-year time horizon. Taking inspiration from Swedish industrial compounders, the team identified a significant opportunity in extending their active ownership model to the Norwegian SMB sector, a group of companies often overlooked by traditional investment companies due to their size. Bertel O. Steen Industry was thus funded to deliver “next generation SMB ownership”, bringing professional strategic ownership to quality industrial SMBs
In 2022 we found the perfect starting point for launching the Bertel O. Steen Industri strategy in the Ege-Group, a Norwegian family-owned business consisting of 12 companies across the Nordics. The group was established by Yngve Ege in the 1980’s. Starting from one company providing metal tools, he steadily grew the company through a combination of organic and structural growth initiatives, into becoming a significant industry supplier operating within multiple business areas. Bertel O. Steen Industry completed the acquisition of the Ege-Group in June 2023. It is worth noting the many similarities between the strategy of the Ege-Group and Bertel O. Steen Industri. In many ways we will just continue the work of mr. Yngve Ege: Acquiring and developing quality Industrial SMBs, in a long-term ownership setting, ensuring that the customers get access to premium quality goods and services.
In 2024, we further expanded our footprint, and the group now comprises 15 companies following the acquisitions of Fosstech AS, Oulie-Hansen AS, and Professional Tooling AS. We are committed to building a leading Nordic supplier within our niches, and are continuously seeking new quality companies to enhance our portfolio.