Norvestor acquires OneCo's roadworks group

The Norwegian GP acquired OneCo Veidrift, OneCo Samferdsel and OneCo Midt Norge, alongside Stabu Invest and the three companies' management.

As part of the transaction, the three carved-out companies will be brought together in a single entity called Roadworks Group.

Norvestor will become the largest shareholder in Roadworks, with an approximately 80% stake, held through its NOK 3bn Norvestor VI fund. The balance of shares is understood to be held by management and Stabu Invest.

Norvestor partner Christian Melby will join Roadworks as chairman of the board. The transaction is expected to close in Q1 2015, subject to approval by the Norwegian authorities.

Company
Roadworks Group's three companies provide products and services for operation and maintenance of road-related infrastructure, such as warning signs, surface repairs, drainage, and cleaning of tunnels and bridges.

Founded in 2011, the Norwegian company estimates revenues of around NOK 450m for 2014 and employs 150 people. It has offices in Langhus, Grimstad and Trondheim.

People
Christian Melby is a partner at Norvestor. Jan Tore Klemmetsen is the CEO of Roadworks Group.

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• Topics
• Nordics
• Buyouts
• Infrastructure
• Norvestor
• Norway