Elop signs final agreement to acquire Nordic Infrastructure Group

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Elop has announced the signing of the final share purchase agreement that allows Elop to acquire Nordic Infrastructure Group.

Nordic Infrastructure Group is a parent company for multiple railways and construction firms across Norway and Sweden. The group delivers entrepreneurial services as well as tools and equipment to the railway and tramway industries; training, management and consulting services for the road, rail, construction, and civil engineering sectors; and accommodation services to the construction industry.

Under the transaction terms, the purchase price for 100% of the shares in Nordic Infrastructure Group is NOK92 million (US$9.5 million). Elop will take over all of the shares in Nordic Infrastructure Group in a 100 percent share-based deal, settled by shares in Elop valued at NOK2.80 (US$0.28) per share, in total NOK72.56 million (US$7.5 million). Existing warrants in Nordic Infrastructure Group will be replaced by Elop issuing new warrants, in total NOK19.5 million (US$2 million).

The transaction is expected to close in September 2022.

List of the country updates

Country updates

  • July 06, 2022

    Elop signs term sheet to acquire Nordic Infrastructure Group

    Elop AS and Nordic Infrastructure Group AS have agreed the principal terms of an agreement for Elop´s acquisition of 100% of the shares in Nordic Infrastructure Group. Nordic Infrastructure Gro...

    Read more
  • July 01, 2022

    Azrieli Group acquires Infinity SDC Ltd

    Azrieli Group Ltd. has announced the acquisition of Infinity SDC Ltd in Romford, London, UK. The company has signed a share purchase agreement through its Norwegian-based subsidiary Green M...

    Read more
  • June 06, 2022

    Design contract signed for E39 Julsundet crossing PPP project

    The Norwegian Public Roads Administration (NPRA) has signed a contract with the JV of Arup and Aas-Jakobsen to deliver a detailed design for the Julsundet crossing in Norway.  The...

    Read more
  • April 27, 2022

    Macquarie Asset Management invests in ferry operator Fjord1

    Macquarie Asset Management, on behalf of its institutional clients and managed funds including Macquarie European Infrastructure Debt Fund, has provided EUR178 million (US$191.14 million) of debt fina...

    Read more
  • March 18, 2022

    Financial closure achieved for USD2.22 billion road network PPP project in Norway

    Webuild, part of Sotra Link AS, has announced financial closure on the Sotra Connection PPP Project. The project includes financing, design, construction and multi-year maintenance of a netw...

    Read more

Share this update