Aabø-Evensen & Co acts as legal advisor to NRC Group ASA in connection with its acquisitions of Litz, Elektrobyggnad and Segermo in Sweden

Aabø-Evensen & Co acts as legal advisor to NRC Group ASA (NRC Group) in connection with its acquisitions of Litz Entreprenad AB (Litz), Elektrobyggnad Sverige AB (Elektrobyggnad) and Segermo Entreprenad Aktiebolag (Segermo). The acquisitions are partly settled by new shares in NRC Group and partly by cash. The Segermo cash payment has been financed by a NOK 185 million private placement of which parts of the proceeds will be used for the cash portion of the acquisition.

NRC Group is a fully integrated rail infrastructure contractor covering the Norwegian and Swedish market. The acquisitions of Segermo, Litz and Elektrobyggnad compliment NRC Group’s Swedish business and will further strengthen NRC Group’s competitive position within the Swedish railway sector, especially for taking the larger tenders that the company expects will come up in the Swedish market going forward.

To view NRC Group’s stock exchange notice published 9 November 2015, please see NRC Group ASA  or newsweb.no (full disclosure).