Fasadgruppen Group AB (publ) (OM:FG) acquired Sh-Bygg As on October 13, 2021. The seller has undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next five months for an amount corresponding to NOK 11 million. Fasadgruppen is using available credit facilities and existing cash to finance the acquisition of all shares in SH. For the financial year 2020, SH has revenues amounted to approximately NOK 74 million. The completion of the acquisition is not subject to any conditions and SH will therefore immediately become part of Fasadgruppen. Per Ove Giske, Anders Hessevik and Henning Strandås of BDO acted as financial advisor to owners of of SH-Bygg.

Fasadgruppen Group AB (publ) (OM:FG) completed the acquisition of Sh-Bygg As on October 13, 2021.