LOS Gruppen, an installation services firm for the construction and marine sectors, has acquired a majority stake in Ølve Elektro for an undisclosed amount. Ølve will become part of LOS Elektro. Ølve reported NOK 8.5m in revenue and NOK 2.2m in EBITDA in 2017 and has 8 FTEs. LOS Elektro will look for further acquisitions to expand their market share.
