Inin Group AS — M&A Activity 2024

Jun 24, 2024

ININ Group: Updated forecast in connection with contemplated acquisitions

ININ Group: Updated forecast in connection with contemplated acquisitions

24 June 2024 - Reference is made to the material attached to the stock exchange announcement published 14 June 2024. In this announcement the Group forecasts NOK 1,9B in revenue and NOK 161M in IFRS EBITDA for FY 2024, on pro-forma, fully consolidated, basis.

The company has announced the intention to acquire Trasé AS (28 May 2024) and Nordnes Narvik (29 May 2024). In addition to these two contemplated acquisitions, the Group is in advanced negotiations with a third, unannounced, acquisition.

Including the three contemplated acquisitions, the Group forecasts NOK 2,0B in revenue and NOK 199M in EBITDA for FY 2024, on pro-forma, fully consolidated, basis.

The acquisitions are subject to customary closing conditions, satisfactory due diligence, and final transaction documentation. The Group intends to finance the acquisitions in line with their general M&A policy and such financing may include a combination of shares, available cash, and proceeds from debt issuance.

(ENDS)

For further information, please contact:

Øivind Horpestad, CEO of ININ Group, Tel: +47 910 00 626

About ININ Group AS

ININ Group is a listed investment company operating as an industrial owner with investments in companies within infrastructure and industry services niches in the Nordics. The group creates value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with the platform companies to deliver sustainable growth and superior profitability. For more information, please visit: www.inin.no