Oslo, 7 March 2015
NRC Group ASA ("NRC Group") has as of 4 March 2016 entered into an agreement to divest its Geo business in Norway, Sweden and Finland ("Blom Nordic") to Terratec AS for a purchase price of NOK 30 million plus a three years earn-out arrangement. The transaction includes the companies Blom Geomatics AS, Blom Karta Oy and the majority of the assets in Blom Sweden AB. The business divested constitutes approximately 60% of the Geo divisions turnover and is mainly focused on air-surveying and data processing.
The transaction is subject to customary closing conditions and closing is expected to take place in March 2016. For information about the Transaction, please refer to the attached extended stock exchange release.
For further information, please contact:
Helge Midttun, Chairman of the Board, mobile: (+47) 913 35 790
About NRC Group: 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 ground work, 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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
+47 91 74 15 92henning.olsen[at]nrcgroup.com