Wikborg Rein assisted on the sale of Kruse Smith Entreprenør AS

Together with Pareto Securities, we are proud to announce that we have assisted Kruse Smith AS with its sale of 100% of the shares in Kruse Smith Entreprenør AS to Backe Entreprenør AS.

Kruse Smith Entreprenør AS is a leading Norwegian project developer and construction contractor which operates in the southern, eastern and western parts of Norway. The company has extensive construction experience, and assists both public and private customers. Following the acquisition of Kruse Smith Entreprenør AS, Backe Entreprenør AS will become one of Norway's greatest construction contractors, consisting of a total of 1,330 employees with a turnover of approx. NOK 7-8 billions.

For more information about the transaction, please see:

From Wikborg Rein the core team comprised of Tove Øymo, Emil Wettre Vestheim, Martine Mittet, Miriam L. Ekhorn, Vegard Thunes Jørgensen and Michael Lindström, led by Kaja Austgulen, Cecilie Andersen Haadem and Ole Henrik Wille as responsible partner.

The transaction is expected to be completed during Q1 2023 and is subject to regulatory approval from the Norwegian Competition Authority.