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Endur ASA ( (DE:4ZT0) ) just unveiled an announcement.
Total Betong AS, a wholly owned subsidiary of Endúr ASA, has agreed to acquire 100% of Norwegian building contractor Gann Tre AS, which specializes in newbuilds and rehabilitation of industrial and residential real estate in Rogaland, and will continue to operate independently with its current management and 60 employees. The NOK 42 million enterprise-value deal, implying an EV/EBIT multiple of about 3.8x on expected 2025 earnings, is described as highly accretive, adding roughly NOK 225 million to Endúr’s order backlog and expanding its in-house construction capacity, while fitting Endúr’s strategy of using strong subsidiaries as platforms for bolt-on acquisitions; closing is expected by end-January 2026, with part of the consideration in seller’s credit and locked-up Endúr shares to align incentives of Gann Tre’s key personnel.
More about Endur ASA
Endúr ASA is a Norway-based supplier of construction and maintenance projects and services for infrastructure, including land-based aquaculture facilities, quays, harbours, dams, bridges and other specialized concrete and steel projects, as well as a range of specialized project and marine services. The company is headquartered in Lysaker and operates through various subsidiaries, including Total Betong AS, to serve public and private clients in its core infrastructure and construction markets.
Average Trading Volume: 89,910
Current Market Cap: NOK4.19B
For an in-depth examination of 4ZT0 stock, go to TipRanks’ Overview page.