Nordisk Bergteknik acquires Torbjörn Sundh Entreprenad – broadens offering and strengthens market position in Norrland

Torbjörn Sundh Entreprenad AB was founded in 1990 and today has a turnover of approximately SEK 220 million on annual basis with a strong profitability that will strengthen the Group’s margin. The business, which is based in Umeå, employs 130 people and offers services within infrastructure and construction contracts, as well as operation and maintenance of the transport network.

– Nordisk Bergteknik has taken, and intends to continuously take, an active role in the ongoing consolidation of the industry, and we are very pleased with the opportunity to acquire Torbjörn Sundh Entreprenad. It is a well-run company with a competent management team and qualified employees that share our values and view on business acumen. The acquisition complements our offer and contributes towards securing some of the needs that exist in connection with the expansion of Norrbotinabanan as well as the substantial investments in infrastructure and industry in northern Sweden. Additionally, we strengthen our geographical presence in all of Norrland, which of course, is immensely positive as it is a region experiencing a lot of changes not least as a result of the green transition, says Andreas Christoffersson, Nordisk Bergteknik CEO.

The purchase price amounts to SEK 138 million and is paid through SEK 108 million in cash at completion of the transaction, SEK 20 million through reinvestments in shares in Nordisk Bergteknik, and SEK 10 million in a seller promissory note. The shares will be issued in accordance with the mandate authorized by the Annual General Meeting in 2021 and are subject to a lock-up commitment expiring in the autumn of 2022.

The acquisition is subject to approval by the Swedish Competition Authority and completion of the transaction will take place in connection with obtaining approval. The acquisition will be reported in the Rock Sweden segment and is assessed, based on the expected number of outstanding shares after the acquisition, to annually contribute approximately SEK 0.40 to earnings per share.

This is information that Nordisk Bergteknik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted, through the care of the contact persons below, for publication on 3 December 2021 at 13:00 CET.

For further information, please contact:

Andreas Christoffersson, CEO, +46 70-621 19 28, andreas.christoffersson@bergteknik.se

Johan Lundqvist, CFO, +46 76-392 71 21, johan.lundqvist@bergteknik.se

About Nordisk Bergteknik

Nordisk Bergteknik has a clear growth strategy with the objective to contribute to the development of a future sustainable society. Our companies are specialists within rock handling and foundation solutions, and through compassion and skill they are able to combine demand with the surrounding natural conditions. To be involved at an early stage in building modern societal functions is our everyday life, our home ground and our future.