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Endur ASA ( (DE:4ZT0) ) has provided an update.
Endúr’s wholly owned subsidiary Total Betong AS has agreed to acquire 100% of Haugesund-based turnkey contractor Engelsen Total AS, which focuses on newbuilds and rehabilitation of residential and commercial properties for both public and private clients. Engelsen Total, with about 20 employees and a strong presence in Haugaland and Sunnhordland, will remain an independent company under Totalbetong, enhancing project management capacity and extending Endúr’s reach in Western Norway.
The transaction values Engelsen Total at an enterprise value of about NOK 80 million, with expected 2025 revenue of roughly NOK 385 million and EBIT of around NOK 19 million, implying a highly accretive EV/EBIT multiple of about 4.2x. The deal, which adds some NOK 300 million to Endúr’s order backlog and is structured with an earn-out, seller’s credit and Endúr consideration shares under lock-up, underscores the group’s strategy of growth through profitable contracting acquisitions and is expected to close by the end of May 2026, subject to customary conditions.
More about Endur ASA
Endúr ASA is a Scandinavian contractor headquartered in Lysaker and listed on the Oslo Stock Exchange, specializing in critical infrastructure such as bridges, quays, tunnels and dams. The group operates a decentralized model of autonomous subsidiaries and pursues a disciplined serial-acquisition strategy, using platform companies and bolt-on deals to consolidate fragmented niche markets and drive long-term value creation.
Average Trading Volume: 113,773
Current Market Cap: NOK5.43B
Learn more about 4ZT0 stock on TipRanks’ Stock Analysis page.