18 July 2023 – Inin Group’s subsidiary Nordic Inspekt Group AB has completed the acquisition of 100 percent of the shares in Swedish non-destructive testing (NDT) company AlfaTest AB.
Reference is made to the stock exchange announcement dated 22 May 2023.
AlfaTest is a specialized NDT and engineering company in the shipping, industrial and offshore industries. The company, which is headquartered in Landskrona, Sweden, has a 20-year track record from NDT and TIC services. In 2022, AlfaTest delivered revenues of SEK 14.2 million, with EBIT of SEK 1.9 million.
The acquisition of AlfaTest will provide access to the attractive global maritime market, where the company holds a strong position, and strengthen the group’s position in the Swedish non-destructive testing market.
“Not only does this acquisition give us access to attractive international growth industries such as shipping and offshore, providing them with a full NDT portfolio of services often in combination with IRATA/rope access, but it also strengthens our overall footprint in Sweden – in line with our Nordic growth strategy. We are very pleased to bring AlfaTest into Nordic Inspekt Group,” says Niklas Persson, CEO of Nordic Inspekt Group.
Testing, Inspection and Certification (TIC) is one of Inin Group’s investment platforms, headed up by Nordic Inspekt Group AB.
Transaction terms
Nordic Inspekt Group AB acquires 100 percent of the shares in AlfaTest AB, which is valued at SEK 10.7 million in the transaction. The consideration will be settled 40 percent in cash and 60 percent in shares in Nordic Inspekt Group.
