Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Midroc expands in Norway through the acquisition of PowerTech
June 21, 2018

As of July 1, 2018, the PowerTech Group will become part of Midroc Electro AS. The deal means that 300 employees will switch to Midroc. "We have long seen Norway as an attractive market for us to develop in line with our philosophy of working locally. A strong local affiliation, with leaders and employees who know their market well, is a matter of course for us. In order for it to work well, it's very important that the corporate culture is well-matched, as it does between PowerTech and Midroc" says Mikael Vestlund, Managing Director Midroc Electro.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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