Geoex Ltd completes the acquisition of MultiClient Geophysical ASA

Geoex Ltd successfully completes the voluntary offer to acquire all outstanding shares in MultiClient Geophysical ASA.

Following expiry of the acceptance period under Geoex’s voluntary offer for all issued and outstanding shares in MultiClient Geophysical ASA (MCG), Geoex had received acceptances from shareholders holding 85,802,501 shares in MCG, representing approximately 92.4% of the issued and outstanding shares in MCG. Based on the good result, Geoex will accept the tendered shares and proceed with completion of the offer.

Geoex intends to, as soon as practically following completion of the Offer, carry out a compulsory acquisition of the remaining shares in MCG and have the shares of MCG delisted from the Oslo Axess.

Aabø-Evensen & Co Advokatfirma AS is acting as legal advisors to Geoex Ltd in connection with the transaction.

Click here to be redirected to the stock exchange notice published 30 March 2017.

 

Aabø-Evensen & Co has acted as legal advisor to LINK Mobility Group ASA in connection with their acquisition of Didimo-JetTelecom Group

LINK Mobility Group ASA ("LINK") has completed the acquisition of the Spanish Didimo-JetTelecom Group (Didimo).

LINK has completed the acquisition of Didimo by acquisition of all shares in the parent company Didimo Servicios Móviles SL. In connection with the acquisition, LINK has issued 155,769 new shares to the sellers of Didimo as part of the consideration for Didimo.

Didimo was established in 2010 and has 8 employees based in Madrid in Spain. Didimo is expecting to report a 2016 revenue of EUR 8.9 million and an EBITDA of EUR 1.22 million. Didimo has a solid customer portfolio of large companies and SMEs. The company has a strong relationship with the telecom operators; it has direct connections to all the main operators in the Spanish market, and is running the solutions portfolio for Orange and Telefonica in Spain.

"This is another milestone for the development of LINK into the leading mobile messaging and solution company in Europe, and our first step into South Europe. The Spanish market is under strong development and growth, and we view it as very attractive. Our ambition is to continue to drive consolidation in this market the same way that we have driven consolidation in the Nordic markets. We will strongly benefit from the good position Didimo has in the Spanish market, and plan to capitalise on this position with additional innovative mobile solutions in the future" says Arild E. Hustad, CEO of LINK.

Aabø-Evensen & Co Advokatfirma AS is acting as legal advisor to LINK.

Click here to be redirected to LINK’s Stock Exchange Notice.

Aabø-Evensen & Co is acting as legal advisors to NRC Group ASA in connection with their acquisition of Signal & Banbyggarna i Dalarna Aktiebolag

NRC Group ASA ("NRC Group") has entered into an agreement for the acquisition of the railway infrastructure and signal company Signal & Banbyggarna i Dalarna Aktiebolag ("SBB").

SBB carries out construction work and project- and site management within railway infrastructure and signalling, as well as groundwork. The Company is headquartered in Stockholm and had a revenue of SEK 271 million in 2016.

NRC Group knows the company well from cooperation on several projects and the experienced management team will strengthen the Swedish organisation and bring desired capabilities to the group within its core segments.

The acquisition of SBB improves the competitiveness of NRC Group's Swedish operations. It will widen the geographical footprint to include Stockholm, Skåne and Northern Sweden, adding to NRC Group's already established position in the regions of Karlstad and Gothenburg.

Aabø-Evensen & Co Advokatfirma AS is acting as legal advisors to NRC Group in connection with the transaction.

Click here to be redirected to the stock exchange notice.

Aabø-Evensen & Co has acted as legal advisor to NRC Group ASA in connection with their acquisition of HAG Anlegg AS.

NRC Group ASA ("NRC Group") has entered into an agreement for the acquisition of 100% shares in HAG Anlegg AS (“HAG"), for a total consideration of NOK 107.5 million in a combination of cash and NRC Group shares.

HAG carries out construction work and project- and site management within transport and infrastructure, specializing in surface work and concrete constructions. The company has in two years grown from zero to 166 million in turnover.

The project management expertise from HAG, will complement the existing knowhow and capacity of NRC Group within the groundworks segment. It will further strengthen NRC Group's overall capabilities, enabling the company to undertake larger and more complex projects also simultaneously.

Aabø-Evensen & Co Advokatfirma AS acted as legal advisor in connection with the transaction.


Click here to be redirected to the stock exchange notice published 28 March 2017.

Aabø-Evensen & Co acted as legal advisor to Active Brands Holding AS in connection with its sale of 100% of the shares in Active Brands AS to FSN Capital GP IV Ltd.

Acquisitions Fund FSN Capital buys sports brand group Active Brands. It includes well-known brands as Kari Traa, Dæhlie, Johaug, Bula, Åsnes, Sweet Protection and Vossatassar.

Active Brands manages a portfolio of well-established brands in sportswear and equipment, including Kari Traa, Dæhlie, Bula and Sweet Protection. The company has made great progress in recent years, with strong international growth. Turnover has increased from 300 million in 2010 to 877 million in 2016.

In partnership with FSN Capital wishes Active Brands to further improve its already strong position in the Nordic and international growth, both through organic growth and new acquisitions.

Click here to be redirected to FSN’s press release