Infratek sells subsidiary

Infratek, with the business area Security, has entered into an agreement with the Safeguard Group regarding the sale of all shares in the subsidiary Eiendomssikring AS.

The Safeguard Group pays Infratek NOK 24.5 million for 100 per cent of the shares in Eiendomssikring AS. The transaction will give Infratek an accounting profit of NOK 5.5 million at group level.

Eiendomssikring is a locksmith company that sells, assembles and carries out service on lock systems and fittings. The company covers both private and business customers in the central part of Eastern Norway. Infratek has the intention of entering into a nationwide partnership with the Safeguard Group within locks and fittings.

The transaction will be carried out provided that it obtains approval from the Norwegian competition authorities.

Infratek ASA
 
Oslo, 6 September 2013

  
For further information, please contact:

Vibecke Skjolde, CFO:
+ 47 916 62 110, vibecke.skjolde@infratek.no

Lars-Erik Finne, Group Vice President Security:
+ 47 928 90 890, lars.erik.finne@infratek.no

 
About Infratek ASA:
Infratek is one of the leading Nordic players within building, operating and securing of critical infrastructure. The Group delivers a wide range of services for power grids, railway systems, fiber networks, district heating, public street lighting and technical high security solutions. Infratek has 1,700 employees in Norway, Sweden, Finland and Denmark, and had revenues of NOK 2.8 billion in 2012. Infratek is listed on the Oslo Stock Exchange. For further information, please see www.infratek.no.