Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
2023-12-18 15:25:47
18 December 2023 - Inin Group AS' subsidiary Nordic Infrastructure Group AS has
successfully completed the acquisition of 100 percent of the shares in railway
contractor Team 1435 AS.
Reference is made to the stock exchange announcements dated 16 January 2023 and
22 June 2023 regarding the transaction.
Team 1435 is a contractor that specializes in railways superstructures and
substructures as well as rail security. The company supplies contractor
services, project and construction management, logistics and security services
as well as professional services to the industry. The company becomes part of
Inin Group's Rail Infrastructure investment platform, which is headed up by
Nordic Infrastructure Group.
"Team 1435 is a well-run, profitable company that is a good fit - industrially
and commercially - for Nordic Infrastructure Group. They have a strong
reputation in the Norwegian market, and we look forward to bidding together on
even larger maintenance and upgrade projects going forward," says Gjermund Sogn,
CEO of Nordic Infrastructure Group.
TRANSACTION TERMS
Inin Group's subsidiary Nordic Infrastructure Group AS acquires 100 percent of
the shares in Team 1435 AS, which is valued at an enterprise value of NOK 27.5
million in the transaction. The total consideration will be settled by 30
percent in shares in Nordic Infrastructure Group and 70 percent in cash.
Approximately 40% of the cash consideration has been settled at closing, while
the two remaining tranches will be settled in 2024 and 2025, respectively.
(ENDS)
For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626
About Inin Group AS
Inin Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation, and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no