Inin Group AS — M&A Activity 2025

Feb 17, 2025

Inin Group AS: Completion of acquisition of Nordnes Narvik AS

Inin Group AS: Completion of acquisition of Nordnes Narvik AS

17 February 2025 – Nordic Infrastructure Group AS, a subsidiary of Inin Group AS, has completed the acquisition of 100 percent of the shares in Northern Norway based Nordnes Narvik AS – a specialist railway contractor in the region.

Reference is made to the stock exchange announcement dated 29 May 2024 regarding the transaction.

Nordnes Narvik becomes part of ININ Rail.

Nordnes Narvik AS has established itself as a key player in the railway construction industry in Northern Norway, with a strong focus on delivering high-quality infrastructure solutions. In the fiscal year 2024, the company reported a revenue of approximately 30 million NOK and an EBITA of 4.0 million NOK.

TRANSACTION DETAILS

Nordic Infrastructure Group AS acquires 100 percent of the shares of Nordnes Narvik AS for a total consideration of NOK 17,8 million. The consideration will be settled in cash. NOK 10,0 million of the consideration has been settled at closing on 17 February 2025, while the remaining amount will be settled by 31 July 2025.

(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 create 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