Qben Infra AB and ININ Group AS, which is majority owned by Qben Infra AB, have entered into a share purchase agreement with Eleda through Eleda’s subsidiary Eleda Norge AS (“Eleda”), to divest the Qben Rail platform to Eleda for a total enterprise value of up to NOK 850 million, including an earn out of up to NOK 65 million. Completion of the transaction is subject to customary closing conditions, including approval from the Swedish Inspectorate of Strategic Products and the Norwegian Competition Authority.
The buyer, Eleda, is a leading and fast-growing infrastructure solutions provider in the Nordics, delivering services in selected niches across the power distribution, technology, water, and transportation industries. Eleda aims to create value by identifying and developing high-quality, local, market-leading companies that deliver infrastructure services to society.
The Qben Rail platform is headed up by Nordic Infrastructure Group AS, which is a leading Norwegian infrastructure company specializing in railway-focused construction, competence and service supply. The platform has operations in Norway and Sweden. Qben Rail currently has for the last twelve months revenues of approximately NOK 1,280 million, and an adjusted EBITA of approximately NOK 97 million.
Vinge’s team consisted mainly of Christina Kokko, Johanna Wiberg, Philip Moré, Jonatan Stentorp, Anna Neubüser and Lina Björkman (M&A), Daniel Wendelsson and David Olander (FDI), Nilufer Nouri (Banking and finance), Simon Söderholm and Louisa Fagarasan (Employment), Wilma Hellman (Real Estate), Nicklas Thorgerzon (GDPR) and Johanna Engström (Transaction Support Coordinator).
Read the client’s press release here.
