Inin Group’s subsidiary Nordic Infrastructure Group AS has agreed to the principal terms of an agreement to acquire 100 percent of the shares in Norwegian railway contractor SLAM Jernbaneteknikk AS.
The planned acquisition will reinforce Nordic Infrastructure Group’s already strong position in the Norwegian market within construction, maintenance and other specialist services to the railway industry.
“We have cooperated with SLAM Jernbaneteknikk on many projects throughout the years. Both companies possess a unique and sought-after signalling technicians and specialist signalling competence. Joining forces will make us the leading player within this field in Norway,” says Gjermund Sogn, CEO of Nordic Infrastructure Group.
About SLAM Jernbaneteknikk
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. The company has 21 employees. In 2022, it generated revenue of approx. NOK 26.5 million and EBIT of approx. NOK 4.2 million.
The founders and four main shareholders of SLAM Jernbaneteknikk will continue with the company following the potential transaction. The transaction is subject to customary closing conditions, satisfactory due diligence, and final transaction documentation. Signing of the final share purchase agreement and closing of transaction is expected by the end of the third quarter 2023. Details of the financial terms of the transaction will be shared following signing of a final share purchase agreement between the parties.
Upon completion of the potential transaction, SLAM Jernbaneteknikk will become part of Inin Group’s Rail Infrastructure investment platform, which is headed up by Nordic Infrastructure Group.
