Endúr’s BMO agrees to acquire Notech

PUBT · 2d ago
Endúr’s BMO agrees to acquire Notech
  • Endúr subsidiary BMO Entreprenør will acquire 100% of steel contractor Notech at a base enterprise value of NOK 120 million, excluding leases.
  • The price can rise NOK 35 million or fall NOK 20 million, tied to 2026-2028 cumulative EBIT, with settlement by June 30, 2029.
  • Financing includes NOK 40.1 million in Endúr shares and NOK 20 million in seller credit, repayable by June 30, 2029.
  • Notech expects fiscal 2026 revenue of NOK 185-195 million and EBIT around NOK 20 million, implying a 6x acquisition EV/EBIT multiple.
  • Closing is expected in Q4 2026, subject to competition approval and customary conditions; the acquisition adds approximately NOK 50 million to backlog.


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