Cramo Oyj (HLSE:CRA1V) signed an agreement to acquire Nordic Modular Group AB from Strukturfonden HC11 AB and certain minority shareholders for an enterprise value of SEK 2.7 billion on June 25, 2018. The transaction will be financed by bank financing and convertible note. Nordic Modular Group reported sales of SEK 779.11 million, EBITDA of SEK 274.76 million and EBITA (operating profit) of SEK 160.09 million in 2017. The transaction is subject to merger control clearance from Swedish Competition Authority. The transaction was approved by the Swedish Competition Authority on October 4, 2018. The deal is expected to be closed during the end of 2018. As of October 26, 2018, the transaction is expected to complete by the end of October 2018. The proceeds from the transaction will be used by the sellers to reinvest in Cramo’s Modular Space business under certain conditions. The transaction is expected to be EPS accretive in 2019. Nordea acted as financial advisor to Nordic Modular Group. KPMG AB acted as accountant to Nalka Invest AB, parent company of Strukturfonden HC11 AB. Cramo Oyj (HLSE:CRA1V) completed the acquisition of Nordic Modular Group AB from Strukturfonden HC11 AB and certain minority shareholders on October 31, 2018.