21 February 2022 – Swedish marine infrastructure company Marcon-Gruppen i Sverige AB (Marcon) – a wholly owned subsidiary of Endúr ASA – has entered into an agreement to acquire Dykab AB, a company providing marine infrastructure services out of Luleå, a city located in Norrbotten, Sweden’s northernmost county.
The primary purpose of the acquisition is to secure a strategic local foothold and platform from which to grow Marcon’s activities in the northern part of Sweden. It will enable Marcon to easier serve this geographical region also with the group’s current resource and asset base.
“This acquisition is fully in line with Endúr’s strategy of being a consolidator in a highly fragmented marine infrastructure market. For Marcon, securing a local platform from which to expand our activities in northern Sweden is strategically important when considering the major infrastructure investments that will be undertaken here. The acquisition also fills our last geographical gap in Sweden, thereby making it significantly easier for us to cost-efficiently serve the market in northern Sweden,” says Jörn Ryberg, CEO of Marcon.
Infrastructure investments of more than SEK 1,000 billion are planned for northern Sweden over the coming decade, whereof approximately SEK 700 billion in Norrbotten alone. The acquisition of Dykab AB provides a cost-effective platform for Marcon to capitalise on this development.
Dykab AB earned revenues of approximately SEK 20 million in 2021. The agreed consideration for acquiring 100 percent of the shares in Dykab AB is approximately SEK 9 million. The three sellers of Dykab AB have committed to continue in their positions in the company, thus providing operational continuity. The sellers shall also reinvest approx. one third of the consideration inEndúr shares.
Marcon is a market leader within marine infrastructure in Sweden. The company performs a range of services connected to marine infrastructure construction and marine services, as well as other adjacent services including hydrographical services, dredging, rentals, inspections and diving.
Endúr ASA is listed on the Oslo stock exchange. The group is a leading supplier of construction and maintenance projects and services for marine infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialised concrete and steel projects.
(ENDS)
For further information, please contact:
Media
Jörn Ryberg, CEO of Marcon, tel.; +46 70-552 5620
Jeppe Raaholt, CEO of Endúr, tel.: +47 976 69 759
Investors
Lasse B. Kjelsås, CFO of Endúr, tel: +47 908 49 772
About Endúr ASA
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance projects and services for marine infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialised concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialised project and marine services. Endúr ASA is headquartered in Bergen, Norway. See www.endur.no
