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Norva24 enters Denmark

Norva24 has acquired ISS Kloak- & Industriservice, the Danish market leader in sewage and industrial services, from ISS Group. The acquisition is an important step towards Norva24’s vision of offering its services to customers throughout the Nordic region.

ISS Kloak- & Industriservice has revenues of approximately DKK 200 million and 164 employees. It operates 115 service vehicles from 6 regional centers across Denmark, and the business has been part of ISS Group since 1999.

“We are delighted to welcome ISS Kloak- & Industriservice to Norva24. With this acquisition we gain a strong platform with nationwide coverage in Denmark and a similar service offering to Norva24. We look forward to work together with our new colleagues and share experiences as well as resources in order to develop and improve our customer offering.” says Jon Nesje, CEO of Norva24

“As a part of Norva24 our offering is now a core service, which will benefit both our customers and employees. We look forward to contribute to Norva24’s growth strategy and we have already identified a number of potential growth initiatives. We are excited to embark on this new chapter for our company.” says Jan Kreiberg Larsen, CEO of ISS Kloak- & Industriservice

The terms and conditions of the transaction are not disclosed.

For further information on Norva24,
please contact:
Jon Nesje, CEO
+47 950 341 40
jon.n@norva24.no
For further information on ISS Kloak- &
Industriservice, please contact:
Jan Kreiberg Larsen, CEO
+ 45 40 29 64 32
Jan.Larsen@ikias.dk

 

About Norva24:
Norva24 is the Norwegian and Danish market leader within certain infrastructure maintenance niches, including sludge suction, pipe inspection, tank cleaning and industrial maintenance services. Post the acquisition of ISS Kloak- & Industriservice, Norva24 employs approximately 500 employees and has annual turnover in excess of NOK 800 million. Norva24 is a portfolio company of Valedo Partners Fund II AB. www.norva24.no

About Valedo:
Valedo is an independent Swedish investment company that invests in high-quality small and mid-cap companies in the Nordic region. Valedo focuses on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributor of both capital and industrial experience, Valedo helps to ensure that its companies can achieve their full potential. www.valedopartners.com

 

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