Kemp & Lauritzen A/S agreed to acquire Lindpro A/S from MT Højgaard Holding A/S (CPSE:MTHH) for approximately DKK 270 million on February 6, 2020. For year ended December 31, 2019, Lindpro generated revenue of DKK 757 million. As part of the sale, Kemp & Lauritzen will take over approx. 835 employees in 17 locations in Denmark. Lindpro’s Greenland subsidiary, Arssarnerit A/S in Nuuk, is not part of the sale to Kemp & Lauritzen and Arssarnerit will continue as a separate company under MT Højgaard International. . The sale is subject to approval by the Danish competition authorities. On March 26, 2020, final approval of Danish competition authorities for a sale of Lindpro A/S was received and all conditions for the completion of the sale are met. The transfer of the shares will take place on March 31, 2020. The sale of Lindpro does not change the previously announced outlook for revenue and operating profit for 2020. Karsten Pedersen and Sara Schjørring of DLA Piper acted as legal advisor to Kemp & Lauritzen. Mads Ilum of Accura acted as legal advisor and Deloitte Corporate Finance Denmark acted as financial advisor to MT Højgaard. Kemp & Lauritzen A/S acquired Lindpro A/S from MT Højgaard Holding A/S (CPSE:MTHH) on March 31, 2020.