Calviks agrees to buy 70% of Norway’s Drift Sør in NOK 107.5 million deal
Bitget2026/09/25 13:25- Calviks agreed to buy 70% of Norway-based staffing firm Drift Sør, expanding its Norvika platform in energy, oil and gas.
- Deal values Drift Sør at an enterprise value of about NOK 107.5 million on a cash- and debt-free basis.
- Cash consideration at closing set at about NOK 59.5 million, representing 80% of the initial price for the acquired stake.
- Two additional earn-out payments may be triggered, depending on Drift Sør’s post-closing earnings performance.
- Drift Sør targets 2026 revenue of about NOK 270 million, with EBIT of about NOK 21 million; closing hinges on financing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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