Nordisk Bergteknik Acquires TSB Borrpreneurad – Strengthens Drilling Offering

Nordisk Bergteknik entered into an agreement regarding the acquisition of all the shares of BST Borrentrepreneurad AB (“TSB”), an established player in the field of drilling. Thanks to the acquisition Nordisk Bergteknik strengthen its offer in different types of drilling.

TSB was founded in 1992 and achieved a turnover of approximately 49 million Swedish crowns in 2021. The company has approximately 25 employees and provides directional drilling, percussive drilling and coring services. TSB’s customers are in the infrastructure, mining and wind industries, as well as energy and real estate companies. The company is based in Sollefteå and operates mainly in Norrland, but undertakes assignments throughout the Sweden.

“Through the acquisition of TSB, we are further strengthening and expanding our offering and continue to be active in the continued consolidation of the industry. We have worked with the company for several years, know it well and see several synergies between our existing companies and TSB. This acquisition brings knowledge in directional drilling to the group and increases the group’s expertise and resources in drilling in general. At the same time, we are further strengthening our geographical presence in Norrland, which is obviously positive as it is an area where demand is expected to be high in the coming years,” says Andreas ChristofferssonCEO of Nordisk Bergteknik.

The purchase price is SEK 14.7 million with a possible purchase price consideration of maximum 4 million Swedish crowns which may be added based on financial performance. A portion of the purchase price will be reinvested in Nordisk Bergteknik AB in the form of shares, the current owner becoming the long-term owner Nordisk Bergteknik AB. The acquisition will be accounted for in the Rock Sweden segment and is expected to be completed during the third quarter of 2022.

The information has been submitted, through the contact persons below, for publication on August 12, 2022 at 10:00 a.m. EST.

For more information, contact:Andreas ChristofferssonCEO, +46 70-621 19 28, [email protected]Johan LundqvistCFO, +46 76-392 71 21, [email protected]

About Nordisk Bergteknik
Nordisk Bergteknik has a clear growth strategy with the objective of contributing to the development of a future sustainable society. Our companies specialize in rock and foundation handling solutions, and through their compassion and skill they are able to match the demand with the surrounding natural conditions. Getting involved upstream in the construction of modern societal functions is our daily life, our homeland and our future.

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