Gram Equipment gets FSN as a major shareholder in the company.

Gram Equipment, a Kolding, Denmark company providing ice cream equipment to major worldwide icecream producers, announced that FSN Capital has signed an agreement to take over the majorit shares of the company.

The transaction, which has the financial details undisclosed, was made by FSN Capital V fund with current backer Procuritas.

Gram Equipment, led by CEO Lasse Viegand Hansen, is a 116-year-old Danish company which has become a global market leader in advanced process equipment for the consumer ice cream industry's largest producers. For the past three years, the company has been growing at a 15% yoy pace, primarily through international expansion. In the same period, the company has more than tripled its earnings.

Gram Equipment has more than 350 employees and had revenues of DKK 650M ($102.6M) in 2016, with a forecast of a turnover of DKK 800M in 2017.

In 2014, Gram Equipment merged with WCB Ice Cream, through which management succeeded in realising major synergies.