AI Terminal

MODULE: AI_ANALYST

Interactive Q&A, Risk Assessment, Summarization

MODULE: DATA_EXTRACT

Excel Export, XBRL Parsing, Table Digitization

MODULE: PEER_COMP

Sector Benchmarking, Sentiment Analysis

SYSTEM ACCESS LOCKED

Authenticate / Register Log In

AF Gruppen

M&A Activity • Oct 31, 2019

3522_rns_2019-10-31_ea8b8480-0f23-44ca-b822-a8a99c004468.html

M&A Activity

Open in Viewer

Opens in native device viewer

AF Gruppen completes the acquisition of Betonmast

Reference is made to the stock exchange announcement published on August 19, 2019 regarding the acquisition of Betonmast AS. Today, Betonmast Holding AS, a company owned 67.4 percent by AF Gruppen and 32.6 percent by management and former shareholders of Betonmast, has completed the acquisition of 100 percent of the shares in Betonmast AS.

- We are very pleased to complete the acquisition of Betonmast and are thrilled to have 1,000 new colleagues from today. AF Gruppen and Betonmast have several similarities, and we have a long-term and industrial goal with the ownership, says Morten Grongstad, CEO of AF Gruppen.

For further information:

CEO, Morten Grongstad, tel. +47 991 53 905

Executive Vice President / CFO, Sverre Hærem, tel. +47 952 45 167