Divestment of PNO
Strategic Investments /10.02.2020
Kirk Kapital steps out of the ownership in PNO, the Nordic region’s leading trailer rental company.
Jacob Lee Ørnstrand, who owns 52 pct of PNO Trailer Rental, acquires Kirk Kapital’s share of the company, which represents 48 pct. Kirk Kapital has been an active minority owner of PNO Trailer Rental for the past 5 years.
“I would like to thank Kirk Kapital for the active contribution to the positive development that PNO has achieved over the past 5 years. At the same time, I look forward to becoming a sole shareholder,” says Jacob Lee Ørnstad, CEO of PN
Kirk Kapital is looking at a positive return on its investment, which has been particularly good in recent years.
“The management and the entire organization have made a fantastic effort over the last five years. As owners, we are proud to have been part of the journey and the fact 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.
PNO, with its fleet of more than 10,000 trailers, is the largest trailer leasing company in the Nordics. PNO’s headquarter is located in Copenhagen with branches in Finland, Norway, Sweden and the Netherlands. The company has been family-owned since 1975 where it was established by Per Nelson Ørnstrand (PNO). The next generation of Ørnstrand has now taken over, and today Jacob Lee Ørnstrand is head of the company.
Jacob Lee Ørnstrand, CEO of PNO, +45 23 36 65 65
Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70