Lagercrantz
Lagercrantz completes the acquisition of Nordic Road Safety
Nordic Road Safety (NRS) is a market leader of permanent road safety systems and noise barriers. The largest market is Sweden with approximately 85% of the sales, the rest is exported to other European countries. For more information about NRS, please visit https://www.nordicroadsafety.com/en/home/
During 2023, NRS had revenues of approximately SEK 350 million, operating profits of approximately SEK 50 million and a return on working capital, P/WC, of almost 60%. The EV/EBITA multiple was concluded at approximately 6.5x, excluding a potential earn-out.
The acquisition was previously announced December 22, 2023, and has now received regulatory approvals. NRS will be part of the Electrify Division as of March 2024. The acquisition is expected to generate a small positive contribution to Lagercrantz Group's earnings per share.
Stockholm, March 6, 2024
Lagercrantz Group AB (publ)
| Datum | 2024-03-06, kl 09:05 |
| Källa | Cision |
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