Vestfold Fjellboring Group sold to Norrbottens Bergteknik AB

Translink Corporate Finance announces Vestfold Fjellboring’s sale of its shares to Norrbottens Bergteknik AB.

Synergos, as part of Translink Corporate Finance, acted as exclusive strategic and financial advisor to Vestfold Fjellboring Group (Vestfold Fjellboring AS and Norsk Fjellsprengning AS) in connection with their sale of all shares to the Swedish company Norrbottens Bergteknik AB

Founded in 1991, Norrbottens Bergteknik AB is a Swedish construction company dedicated to rock drilling and blasting projects. The company’s geographical focus is Northern Sweden but it has projects all over the country.

Vestfold Fjellboring Group consist of Vestfold Fjellboring AS and Norsk Fjellsprengning AS. Both companies are construction companies with a rock drilling & blasting focus.

The majority owner of Norrbottens Bergteknik AB, Pegroco Invest, a Swedish investment company, will with this transaction create Nordisk Bergteknik Holding AB which will be the parent company of Norrbottens Bergteknik AB, Vestfold Fjellboring AS and Norsk Fjellsprengning AS. Nordisk Bergteknik will become the leading independent player in the Nordic rock drilling & blasting market with a projected revenue of ~35 MEUR. The owners of Vestfold Fjellboring Group will reinvest 20% of the purchase price for an ownership stake in Nordisk Bergteknik Holding AB.