,

Majority shareholder buys Kirk Kapital out of PNO

Kirk Kapital steps down as a minority shareholder of the Nordic region’s leading trailer rental company, PNO.

Jacob Lee Ørnstrand, owner of 52% of PNO, buys back Kirk Capital’s shares of the company, which represents 48%. Kirk Kapital has been an active minority shareholder in PNO for the past 5 years.

“I would like to thank Kirk Kapital for their active contribution to the positive development that PNO has had over the past 5 years. At the same time, I look forward to becoming a sole shareholder, ”says Jacob Lee Ørnstrand, Group CEO of PNO.

“The management and the entire organization has made a fantastic effort over the past five years. As owners, we are proud that we participated in the journey and that PNO can now continue its positive development under Jacob Lee Ørnstrand’s full ownership. We wish them the best for the years to come, ”says Kim Gulstad, CEO of Kirk Kapital.

 

Contact Details

Solvej Lee Ørnstrand, Head of Culture and Communication at PNO, +45 23 36 65 65

Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70

 

About PNO

PNO is the leading trailer rental company in the Nordic region with a fleet of more than 11,000 trailers. PNO is headquartered in Copenhagen with branches in Horsens Denmark, Finland, Norway, Sweden, and the Netherlands. The company has been family-owned since 1975 when founded by Per Nelson Ørnstrand (PNO). 

 

About Kirk Capital

Kirk Kapital is a family-owned investment company owned by the Kirk Johansen family. The Kirk Johansen family are descendants of Ole Kirk Christiansen, who established LEGO. Kirk Kapital manages approx. 8 billion DKK, which is invested in strategic investments and financial investments. Within strategic investments, Kirk Kapital is an active and long-term owner of large minority positions in 11 companies; Alliance +, Beck Pack, Exxit59, FMD, Globeteam, Kompan, Scanmetals, Tacton, TITAN Containers, TPA and TPS.
Read more at: www.kirkkapital.dk

 

 

 

 

Related news

Country Director in Norway
, , , , ,

One month as a Country Director in Norway

How to turn a Seafood trade fair in Barcelona into a business opportunity At the beginning of May, our new Country Director in Norway, Kim Laméus, visited the PNO Group office in Copenhagen, and we had a chat about his first month as Country…
Solar panels Finland
,

Reducing Consumption with Solar Panels in Finland

We had a goal of saving 42%, but already in the first year, we exceeded the goal as the cost savings were 45%, says Petteri Heino, Country Director in Finland. PNO Finland's Solar Panel journey began in 2016. Not many thought of Solar Panels…
NET ZERO 2030
,

PNO’s Climate Investments toward Net Zero 2030

PNO has committed to Net Zero by 2030. It is a commitment to become emission-free by 2030 – not only through our own operations but throughout the entire value chain. We continue to build on our sustainability efforts (B Corp framework) and…
Thomas Rimington
, ,

Announcement: Organizational change at PNO

It is with great excitement we announce our new Chief Operating Officer (COO), Thomas Rimington. For many, Thomas is already acting as COO while being CFO. Thomas has worked with PNO for more than five years as our CFO, and he has moved…
PNO Finland
,

Even ravens wish to be a part of PNO Finland

How it all began In 2003, PNO's office in Finland was in the Eastern part of Helsinki, sharing a former shipyard area with other trailer rental companies, but the Finnish team needed more space. There was a forest area outside Helsinki…
WeForest
,

Our kilometres are making a difference in Zambia

We're supporting the forests in Zambia through our Health initiative with our partner WeForest. When you think about WeForest, you might think it's about planting trees, but WeForest is actually much more than that. As a team, we have supported…