NRC Group ASA ("NRC Group") has entered into an agreement for the acquisition of the construction company Alti Bygg og Anlegg AS ("Alti").
NRC Group has on 29 June 2017 agreed to acquire 100% of Alti for a total consideration of NOK 200 million in a combination of cash and NRC Group shares.
Alti is an entrepreneur company within ground and construction work, headquartered in Mandal, Norway. Alti provides engineering and project management, specializing in ground and concrete construction work. The company has employees with extensive experience from project management and previous leading positions within AF Gruppen.
The acquisition of Alti will further strengthen the competitiveness of NRC Group’s Norwegian operations in the growing rail infrastructure market where project management, ground and construction expertise is key. The project management expertise from Alti, will complement the existing knowhow and capacity of NRC Group. It will further strengthen NRC Group’s overall capabilities, enabling the company to undertake larger and more complex projects also simultaneously.
Aabø-Evensen & Co is legal advisor to NRC Group ASA.
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