Novedo completed the acquisition of Nordkabel.

Novedo, an industrial group, completed the acquisition of Nordkabel, a provider of installations and maintenance foremost within electricity networks. Financial terms were not disclosed. "Novedo has an active Nordic acquisition strategy where the company aims to continue to grow by acquiring qualitative, profitable companies with a sound corporate culture, developed niche position and proven business model. Nordkabel meets all our acquisition criteria. I’m truly impressed by the strong market position that the management team has secured in the Danish market with Henrik Hassing and Bjørn Christiansen at the helm, not to mention the company’s stable turnover and profitability," Per-Johan Dahlgren, Novedo President & CEO.