M&A Deal Summary

Af Gruppen Acquires ETA Norge

On May 14, 2024, Af Gruppen acquired machinery company ETA Norge

Acquisition Highlights
  • This is Af Gruppen’s 1st transaction in the Machinery sector.
  • This is Af Gruppen’s 2nd transaction in Norway.

M&A Deal Summary
Date 2024-05-14
Target ETA Norge
Sector Machinery
Buyer(s) Af Gruppen
Deal Type Add-on Acquisition

Target

ETA Norge

Fiskum, Norway
ETA Norge is a contractor in bioenergy that delivers heating systems to agriculture and industry and assists with project planning, installation, and service. ETA Norge is based in Fiskum, Norway.

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Buyer(S) 1

Buyer

Af Gruppen

Oslo, Norway
Category Company
Founded 1985
Sector Construction
Employees5,975
Revenue 30.2B NOK (2023)
DESCRIPTION

AF Gruppen is a contracting and industrial group that solves society’s environmental challenges and ethical business operations that create security for customers. AF Gruppen was incorporated in 1985 and is based in Oslo, Norway.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Norway) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-02 Härnösand Byggreturer AB

Härnösand, Sweden

Härnösand Byggreturer AB is a provider of demolition concrete cutting, asbestos and PCB decontamination services for both large and small customers.

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