22 March 2024 -ININ Group's subsidiary Nordic Infrastructure Group AS has today signed the share purchase agreement to acquire 100 percent of the shares in Norwegian railway contractor SLAM Jernbaneteknikk AS. Reference is made to the stock exchange announcement dated4 July 2023 regarding the acquisition, which will reinforceNordic Infrastructure Group's already strong position in the Norwegian market within construction, maintenance and other specialist services to the railway industry. SLAM Jernbaneteknikk becomes part ofININ Group's Rail Infrastructure investment platform, which is headed up byNordic Infrastructure Group . SLAM Jernbaneteknikk is a provider of high / low voltage and signalling services within the construction, maintenance, troubleshooting and control of railway technical systems. The company also provides safety-related work for railways. SLAM Jernbaneteknikk is headquartered at Roverud in Kongsvinger municipality, Innlandet county,Norway . In 2023, the company generated revenue of approximatelyNOK 36 million and EBIT of approximatelyNOK 6.7 million . The company has 20+ employees. "There is a substantial and growing demand for signalling technicians and specialist signalling competence. SLAM Jernbaneteknikk offers exactly this. By becoming part ofNordic Infrastructure Group , we are becoming the leading player within this field inNorway ," says Gjermund Sogn, CEO ofNordic Infrastructure Group . SLAM Jernbaneteknikk is valued at approximatelyNOK 31.3 million in the transaction, which will be settled 65 percent inNordic Infrastructure Group shares and 35 percent in cash, paid in three tranches. Closing of the transaction is expected by the end ofMarch 2024 . (ENDS) For further information, please contact: Øivind Horpestad, CEO ofININ Group , Tel: +47 910 00 626 AboutININ 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 aims to 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
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