EQVA ASA Expands with Strategic Acquisitions

Havyard Group ASA (DE:1H2) has released an update.

EQVA ASA has completed its strategic acquisition of Kvinnherad Elektro AS, including a 51 percent stake in Vassnes Solutions AS, effectively establishing the Nordic Industrial Solutions group as a comprehensive system supplier in the Norwegian power and automation sectors. With over 550 specialized employees, the newly formed NIS group aims for growth in attractive markets and is positioned to undertake significant engineering and green transition contracts. The merger is anticipated to bolster market presence in Western Norway, targeting industries such as smelting, maritime, and offshore, while maintaining the operational continuity of the acquired companies.

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