In summary:
- NRC Group ASA ("NRC Group" or the "Company")
acquires the rail groundwork contractor Segermo
Entreprenad Aktiebolag ("Segermo") for SEK 224.7
million settled with SEK 100 million in consideration
shares with the remainder in cash (the "Acquisition")
- The net cash position of Segermo as of 30
September 2015 was SEK 32 million, resulting in an
enterprise value of Segermo of approximately NOK 193
million
- In order to finance the cash component of the
Acquisition and to raise additional equity for the
further development of the Company, NRC Group intends
to effect a private placement of new shares and shares
held in treasury with target gross proceeds of up to
NOK 185 million (the "Private Placement") of which
approximately NOK 111 million, representing 10% of the
outstanding capital, is underwritten by several
existing shareholders, including Datum and Urbex
Invest AS, as well as new external investors
- The price in the Private Placement, which is
expected to be executed during week 46, has been set
to NOK 40.00 per share
- NRC Group has entered into final transaction
documents for the previously announced acquisitions of
Litz Entreprenad AB ("Litz") and Elektrobyggnad
Sverige AB ("Elektrobyggnad") with expected
completions later today
- NRC Group will hold a presentation of its
acquisition of Segermo and present its Q3 2015 report
today at 12:30 at Hotel Continental
NRC Group is a fully integrated rail infrastructure
contractor covering the Norwegian and Swedish market.
The acquisitions of Segermo, Litz and Elektrobyggnad
will further strengthen the Company's competitive
position within the railway sector.
For information about the acquisitions of Segermo,
Litz and Elektrobyggnad, please refer to the attached
extended stock exchange release.
For further information, please contact:
Kristian Lundkvist, Chairman of the Board, mobile:
(+47) 99 77 71 77
About NRC Group ASA:
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 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 holds right to several European
databases with collections of maps, images and models.
With particular focus on online services, data and
solutions are provided to customers in government,
enterprise and consumer markets. 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 of the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.
Attachments
NRC Group ASA - announcement 9 November 2015