Novedo has entered into an agreement to acquire Nordkabel
Novedo has entered into an agreement to acquire Nordkabel, a Danish B2B installation and maintenance specialist.
The acquisition of Nordkabel marks Novedo’s first acquisition outside Sweden, and is an important addition to the group’s Infrastructure segment.
Oaklins was engaged by Novedo as strategic and financial advisor in this transaction
The acquisition of Nordkabel is an important milestone for Novedo, as our first international acquisition. Oaklins has been instrumental in unlocking this opportunity, and has been a close sparring partner throughout the process.PER-JOHAN DAHLGREN, CEO – NOVEDO
Nordkabel with about 200 employees was founded in 1988 and is today located in eight Jutlandic locations, with head office in Aars (near Aalborg). The company carries out installations and maintenance foremost within electricity networks, fibre and water.
Nordkabel has a strong and stable customer base exclusively within B2B consisting of long customer relationships, often via framework agreements, and close collaborations with municipalities, private and public energy suppliers and telecom companies. Seasonal variations are managed by balancing new installations with maintenance work. For the financial year ending on 30 June 2022, Nordkabel reported net sales of DKK 215 million and EBITA of DKK 32.5 million
Read more about Nordkabel on the website: www.nordkabel.dk
Headquartered in Stockholm, Sweden, and founded in 2020, Novedo acquires and develops profitable companies across three segments: Industrials, Infrastructure and Installation & Services. Novedo seeks to acquire high-quality companies and allow these to thrive under a decentralised structure, benefitting from the support of the Novedo group. In the year ended 30 June 2022, Novedo reported proforma revenue of more than SEK 2 billion and EBITDA of SEK 260 million.
Read more about Novedo on the website www.novedo.se