NRC Group ASA acquires Alti Bygg og Anlegg AS
NRC Group ASA ("NRC Group" or the "Company") has on 29 June 2017 agreed to acquire 100% of the construction company Alti Bygg og Anlegg AS ("Alti") for a total consideration of NOK 200 million in a combination of cash and NRC Group shares. In 2016, Alti had revenues of NOK 186.3 million and EBITDA result of NOK 27.3 million. It is expected that Alti will deliver revenues and results for 2017 in line with FY 2016. The purchase price is based on Alti having no debt and has had an average level of cash during the last six months of minimum NOK 35 million at closing, which implies an EV