We have advised Nordic Powergroup (NPG), a Danish leader in underground infrastructure maintenance (UIM), on its sale to Norva24 group, a European market leader within UIM services.
Established in 2014, NPG is a key player in UIM and industrial services, possessing unique capabilities in surface treatment, boiler cleaning, high-pressure flushing, blast cleaning, as well as sludge and bulk suction.
NPG’s customers are diverse and include public utilities, district heating plants, biomass plants, food production facilities, maritime, and oil service companies. NPG has annual revenues of approximately €18.7m (DKK 140m) with an EBIT margin of over 14%. Headquartered near Copenhagen, NPG operates throughout Denmark from locations in both the eastern and western parts of the country.
Norva24 group is a European market leader within UIM services operating across Sweden, Norway, Germany, and Denmark. This transaction allows Norva24 to expand its high-pressure flushing services in Denmark with NPG’s strong position within the field, while NPG will get access to Norva24’s European markets.
