NRC Group ASA (“NRC Group”) has on 10 October 2017 agreed to acquire 100% of the shares in the infrastructure company Fibertech AS for a total consideration of NOK 61.5 million in a combination of cash and NRC Group shares.
Fibertech AS is an infrastructure company with emphasis on cable installation, hauling and floating. Fibertech AS is headquartered in Oslo and had a revenue of approximately 27.3 million NOK in 2016.
The acquisition of Fibertech AS will strengthen the operations and services of NRC Group’s Norwegian branch within several disciplines, and the overall capability of the Group as a turnkey entrepreneur for infrastructure projects. Fibertech AS will amplify NRC Group’s position for projects such as the 5,000 km new fiberlines for transmission network along Norwegian railway - a network upgrade required in connection with the ERMTS rollout.
Aabø-Evensen & Co is acting as legal advisors to NRC Group ASA.
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