Swedish Inission is establishing itself on the Norwegian market by acquiring Simpro Holding AS, one of the biggest EMS providers in the country. Simpro Holding AS consists of Simpro AS in Lökken and Noca AS in Trondheim. The company reported sales of NOK 184m with EBITDA of 10.9m. The purchase price amounts to NOK 40.9m corresponding to an EV/EBITDA of 5.1x. Sellers are Salvesen & Thams, Midvest Funds and Olav Sigurd Kvaale.
