NORWAY - Norvestor's Panorama buys Boor

Bordsølv Design will be purchased by AS Th. Marthinsen Sølvvarefabrikk, which produces Panorama’s existing silverware designs such as Opphøiet, Rose, Drage, Arvesølv and Märtha. In 2005, the Bordsølv Group recorded turnover of NOK 47m and operational profits of NOK 6m. The deal, subject to approval from the competition authorities, will improve efficiency in both production and sales.

Panorama is a supplier of jewellery products and the owner of jewellery chain Gullfunn. Funds managed by Norvestor Equity AS acquired 75 % of the Panorama group in 2005. Panorama has bought jewellery retail chains Gullegget and Juvelen earlier this year.

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