DIVESTMENT OF ICEPOWER

Carnegie acted as exclusive financial adviser to Bang & Olufsen

Carnegie advised Bang & Olufsen in the divestment of ICEpower to management and Industri Udvikling. The divestment is in accordance with Bang & Olufsen’s strategy to reduce complexity and focus on consumer activities. 

The ICEpower management team and Industri Udvikling aim to develop ICEpower further and consolidate its position as a leader in the audio engineering market.

ICEpower is a technology company providing class D audio solutions to manufacturers of professional and consumer audio products. The company is headquartered in Copenhagen and has offices in Japan, Taiwan and USA. The company has approx. 30 highly skilled engineers and in the fiscal year 2014/15, the company had revenues of approx. DKK 100m.

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