Nordic Waterproofing has signed an agreement to acquire Veg Tech, a leading supplier of green roofs and multifunctional vegetation systems
Nordic Waterproofing Group (STO: NWG.ST) has today signed an agreement to acquire one of the leading players within vegetation technology in the Nordics – Veg Tech – with annual sales of approximately SEK 125 m employing around 45 persons. Nordic Waterproofing acquires initially 83 percent of the shares, and closing is expected to occur during the second quarter of 2018. Furthermore, Nordic Waterproofing has committed itself to, immediately following the closing of the main transaction, submit an offer to acquire the remaining shares for the same price per share as the main acquisition.Veg