Brief: Norva24 Acquires IRG Rörinspektion

Norva24 AB (publ)

06/04/2022 07:08

April 6 (Reuters) - Norva24 Group AB (publ)  NORVA.ST :
    * NORVA24 STRENGTHENS ITS MARKET POSITION IN WESTERN SWEDEN
AND
WITHIN ADVANCED DIGITAL SENSOR SOLUTIONS THROUGH THE ACQUISITION
OF IRG RÖRINSPEKTION
    * HAS ON 5 APRIL 2022, ACQUIRED 100 PERCENT OF SHARES IN IRG
RÖRINSPEKTION AB ("IRG") THROUGH ITS SUBSIDIARY NORVA24 AB
    * IN 2021, IRG'S REVENUE AMOUNTED TO SEK 36 MILLION, WITH A
GROWTH
OF ABOUT 15 PERCENT ANNUALLY OVER PAST FIVE YEARS AND A
DOUBLE-DIGIT EBITA MARGIN
    * ACQUISITION IS FINANCED WITH INTERNAL FUNDS AND THROUGH A
RIGHTS
ISSUE OF 208,719 SHARES TO SELLERS OF IRG, CORRESPONDING TO AN
AMOUNT OF SEK 4,500,000

Source text for Eikon:  ID:nMFN4Pp3mm 
Further company coverage:  NORVA.ST 

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