MT Højgaard Holding A/S: Enemærke & Petersen excercises call option for NemByg
June 07 2024 - 1:00AM
UK Regulatory
MT Højgaard Holding A/S: Enemærke & Petersen excercises call
option for NemByg
MT Højgaard Holding’s business unit Enemærke & Petersen has
entered into an agreement with the minority shareholders of
Esbjerg-based construction group NemByg A/S for the acquisition of
their 40% shareholding in the company effective 30 June 2024. The
purchase price of approximately DKK 69 million is based on an
earn-out model reflecting NemByg’s results and expected earnings
until the end of the first half of 2024.
Enemærke & Petersen acquired 60% of the shares in NemByg in
June 2021 for DKK 41 million and entered into an options contract
for the acquisition of all shares in NemByg in 2024. The call
option is now exercised in a controlled ownership change.
NemByg has developed well since the acquisition in 2021. In
2023, NemByg generated gross profit of DKK 81 million and operating
profit (EBIT) of DKK 30 million.
NemByg is primarily focused on renovation and new construction
for corporate customers, public customers and housing associations.
The company has around 100 employees and is the leading contractor
in the Esbjerg area. NemByg continues under its own name after the
ownership change, and all activities will continue with particular
emphasis on assignments in the southern and south-western part of
Jutland.
“NemByg has established a good base in Southern Jutland for
Enemærke & Petersen, building momentum and generating strong
results in recent years as the company has delivered value for its
customers. As part of Enemærke & Petersen, NemByg has a strong
basis for scaling the company, and we look forward to continuing
the good development when Enemærke & Petersen becomes the sole
owner in line with the initial plan,” says Troels Aggersbo, CEO of
Enemærke & Petersen.
Excercising the call option does not affect MT Højgaard
Holding’s 2024 outlook, which is unchanged with revenue expected at
DKK 10-10.5 billion and an operating profit (EBIT) of DKK 400-425
million.
Further information:
CEO Troels Aggersbo, Enemærke & Petersen, can be contacted on
telephone +45 31 21 68 72.
- MTHH_Investor news 7Jun24
Hoejgaard Holding A/s (LSE:0JD8)
Historical Stock Chart
From May 2024 to Jun 2024
Hoejgaard Holding A/s (LSE:0JD8)
Historical Stock Chart
From Jun 2023 to Jun 2024
