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NRC Group — M&A Activity 2016
Mar 30, 2016
3693_iss_2016-03-30_e348ad5e-3353-4a92-a730-b86be2c4340f.html
M&A Activity
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NRC - Closing of sale of Blom Nordic
NRC - Closing of sale of Blom Nordic
Oslo, 30 March 2016
Reference is made to the announcement made by NRC
Group ASA (the "Company") on 7 March 2016 regarding
the sale of the Company's Geo business in Norway,
Sweden and Finland to Terratec AS.
Closing of the transaction took place today, 30 March
2016 and the shares of the Norwegian company Blom
Geomatics AS and the Finnish company Blom Kartta Oy
have been transferred to Terratec AS. Transfer of the
assets sold from Blom Sweden AB will take place as
soon as necessary formalities are in place, expected
during April 2016.
For further information, please contact:
Helge Midttun, Chairman of the Board, mobile: (+47)
913 35 790
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About NRC Group:
NRC Group is a leading company within the Nordic
infrastructure market. The group operates within two
business segments, Rail and Geo.
RAIL: The Rail division is a fully integrated rail
infrastructure contractor covering the Norwegian and
Swedish market. The Rail division is a full-range
supplier for the construction of all types of rails
including train, tram and subway. Main service
offerings include ground work, specialized track work,
power supply and signaling work. The Rail division has
all the necessary approvals to work within the train,
tram and subway segments.
GEO: The Geo division operates within acquisition,
processing and modelling of geographic information.
The Geo division supplies a wide range of mapping and
geographic services that satisfy various standards and
specifications, in addition to customized client
solutions.
http://www.nrcgroup.no
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.