Storskogen to acquire a 90% stake in Danboring.

Storskogen, which acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas of industry, trade and services in the Nordic countries, DACH and the United Kingdom, agreed to acquire a 90% stake in Danboring, a provider of directional drilling for water, sewage, electrical cables, fibre, and district heating. Financial terms were not disclosed. "We have had a positive development during the recent years and are very pleased to bring in a new majority owner with a long-term perspective, significant financial strength and great competence. Together with Storskogen and their other companies in trenchless technologies, we look forward to taking advantage of market opportunities and continue to grow and further develop the company," Thorbjørn Risgaard, Danboring Founder.