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New Deal


Announced

Norva24 to acquire Jutzy for €15m.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Building: Climate Control

Private

Acquisition

Majority

Single Bidder

Cross Border

Germany

Pending

HVAC contractor

Friendly

Synopsis

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Norva24, a company provides underground Infrastructure maintenance services, agreed to acquire Jutzy, a provider of underground Infrastructure maintenance and ancillary services for €15m. “We are very pleased to welcome Jutzy to Norva24. Developing our presence in Germany is a key element on the Norva24 journey towards our vision of becoming a European lighthouse in Underground Infrastructure Maintenance. By adding Jutzy to Norva24, we reach the milestone of becoming a clear UIM market leader in the German capital area and further cement our market leading position in Germany,” Henrik Damgaard, Norva24 Group CEO.

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