NRC Group to acquire Railcap for enterprise value of NOK 48 million

Aabø-Evensen & Co acted as legal advisor to NRC Rail Group AS, a wholly owned subsidiary of NRC Group ASA  ("NRC Group" or the "Company") in connection with its acquisition of Railcap AS ("Railcap"), a rail signaling specialist contractor in Norway which carries out railway installations, test and commissioning, construction and design. NRC Group will acquire 100% of the shares in Railcap for an enterprise value of NOK 48.0 million (EUR 5.13 million) as per 31 December 2015. The acquisition will be financed by payment in cash of approximately NOK 28.8 million and by the issuance of 366,879 new shares in the Company (the "Consideration Shares"). The Consideration Shares will be subject to a lock-up period of 18 months. The shareholders of Railcap have guaranteed a minimum EBT in 2016 of NOK 6.1 million.

The acquisition will significantly strengthen the NRC Group’s signalling resources and strengthen the Company's market position in general. Furthermore, the acquisition will enable NRC Group to undertake larger projects where signalling work is a vital and integrated part going forward.

To view NRC Group’s stock exchange notice published 20 May 2016, please visit http://www.nrcgroup.no/investor-relations/notifications/ or newsweb.no (full disclosure).