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    NTG   DK0061141215

NTG NORDIC TRANSPORT GROUP A/S

(NTG)
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NTG Nordic Transport A/S : Road Norway AS acquires Saga Trans

12/24/2020 | 01:07am EST

26 November 2020

NTG Road Norway AS acquires Saga Trans AS NTG Road Norway AS ('NTG Road Norway'), a partner-driven subsidiary of NTG Nordic Transport Group A/S ('NTG'), has entered into a share purchase agreement regarding the acquisition of 100% of the shares in Saga Trans AS ('Saga Trans').

Saga Trans was founded in 1985 in Oslo, Norway and specialises in road freight forwarding between Italy and Norway. In the financial year ending 31 December 2019, Saga Trans generated a revenue of NOK 36 million and an EBIT of NOK 5 million.

NTG Road Norway commenced operations on 1 April 2020. The acquisition thus marks an important step in strengthening NTG's setup in the Norwegian market and demonstrates the ability to accelerate growth in start-ups through bolt-on acquisitions.

'We are pleased to welcome Saga Trans to NTG. The acquisition adds skills and competencies to our existing setup in NTG Road Norway and strengthens our offering in the Norwegian market', says Jesper Petersen, CEO of Road & Logistics at NTG.

Closing of the transaction is expected on 30 November 2020 and NTG Road Norway and Saga Trans are expected to merge during the first quarter of 2021. The combined operations will continue in the existing subsidiary, NTG Road Norway.

Disclaimer

NTG - Nordic Transport Group A/S published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 December 2020 06:06:06 UTC


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Sales 2021 7 284 M 1 109 M 1 109 M
Net income 2021 315 M 48,0 M 48,0 M
Net Debt 2021 - - -
P/E ratio 2021 36,1x
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Last Close Price 509,00 DKK
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Michael Larsen Group Chief Executive Officer
Christian D. Jakobsen Group Chief Financial Officer
Eivind Drachmann Kolding Chairman
Jesper Praestensgaard Director
J°rgen Hansen Vice Chairman
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