ININ Group AS: Qben Power subsidiary secures long-term frame agreement for excavation services, with a potential value of NOK400million
ININ Group AS: Qben Power subsidiary secures long-term frame agreement for excavation services, with a potential value of NOK400million
29 October 2025 – ININ Group’s wholly owned subsidiary Qben Power has been awarded long-term frame agreement to provide excavation services to Norwegian grid operator Elvia in the Hamar and Gjøvik areas of Innlandet county, Norway.
The frame agreement is valid for three years from 2025, with three optional one-year periods (3+1+1+1). The frame agreement is awarded to Qben Powers fully owned Skyttermoen Anlegg AS.
According to the frame agreement, work in the Gjøvik area is estimated at generating revenue of between NOK 15 and 30 million annually, and work in Hamar is estimated at between NOK 20 and 40 million annually. Combined, this totals NOK 35 – 70 million annually, which is equivalent to NOK 105 – 210 million over the fixed three-year period of the frame agreement. If all option periods are exercised, the total value could potentially grow to between NOK 300 and 400 million.
Inin Group’s majority owner is Stockholm-listed Qben Infra AB. Skyttermoen Anlegg is part of the group’s Qben Power platform.
(ENDS)
For further information, please contact:
Anders Granshagen, Qben Power, tel: +47 911 98 444
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