Gjermundshaug Gruppen carries out projects within road, railway, and other infrastructure. As of 2021, the group had a total turnover of approximately NOK 1.3 billion and an operating profit of NOK 140 million. Through the acquisition Eleda enters Norway and commences their international expansion.
The acquisition is subject to approval from the Norwegian Competition Authority.
Vinge’s team consisted primarily of Christina Kokko, Per Kling and Ellen Flygt (M&A) and David Olander (ECR), as well as the law firm Thommessen in relation to Norwegian law.
