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