17 February 2025 - Nordic Infrastructure Group AS, a subsidiary of Inin Group
AS, has completed the acquisition of 100 percent of the shares in Northern
Norway based Nordnes Narvik AS - a specialist railway contractor in the region.
Reference is made to the stock exchange announcement dated 29 May 2024 regarding
the transaction.
Nordnes Narvik becomes part of ININ Rail.
Nordnes Narvik AS has established itself as a key player in the railway
construction industry in Northern Norway, with a strong focus on delivering
high-quality infrastructure solutions. In the fiscal year 2024, the company
reported a revenue of approximately 30 million NOK and an EBITA of 4.0 million
NOK.
TRANSACTION DETAILS
Nordic Infrastructure Group AS acquires 100 percent of the shares of Nordnes
Narvik AS for a total consideration of NOK 17,8 million. The consideration will
be settled in cash. NOK 10,0 million of the consideration has been settled at
closing on 17 February 2025, while the remaining amount will be settled by 31
July 2025.
(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