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Scandinavian Investment Group — M&A Activity 2007
Aug 1, 2007
3462_iss_2007-08-01_f70a9b8f-b319-4be0-8b91-8540cceee3a0.pdf
M&A Activity
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https://cns.omxgroup.com
OMX Den Nordiske Børs København A/S (OMX Nordic Exchange Copenhagen A/S) Nikolaj Plads 6 1069 Copenhagen K
Announcement no. 9/2007
Acquisition of Norwegian enterprise completed
In accordance with stock exchange announcement (no. 7) of 21 June 2007 DLH has today completed the scheduled acquisition of the Erling Hustvedt Group, which consists of Erling Hustvedt AS in Oslo, AS Tre og Finer in Bergen and Rolf Vaagsæter AS in Molde. The Norwegian competition authorities have raised no objections to the acquisition, and all conditions for completing the transaction have therefore been satisfied.
The Erling Hustvedt Group, which has 25 employees, is involved in the distribution of hardwood, veneer and sheet materials to the Norwegian industry, including the shipbuilding industry, and generates annual revenue of approximately DKK 140 million. The acquired companies will be incorporated into DLH's Hardwood Division.
Please direct any inquiries relating to this announcement to the President and CEO of the company, Jørgen Møller-Rasmussen on telephone no. 4350 0101.
Yours faithfully
DALHOFF LARSEN & HORNEMAN A/S
Asbjørn Børsting Chairman of the Supervisory Board Jørgen Møller-Rasmussen President & C.E.O.