Setterwalls advises Nordic Waterproofing in connection with recommended public takeover bid from Kingspan

On 4 February 2025, Kingspan Holdings (IRL) Limited (“Kingspan”) announced a recommended cash-based public offer to the shareholders of Nordic Waterproofing Holding AB (publ) (“Nordic Waterproofing”). The offer values all shares in Nordic Waterproofing at approximately SEK 4.4 billion.

Kingspan is the majority owner of Nordic Waterproofing and controls approximately 87 percent of the shares and votes in the company. The offer price amounts to SEK 182.50 per share and the Board of Directors of Nordic Waterproofing unanimously recommends Nordic Waterproofing’s shareholders to accept the offer. Setterwalls advises Nordic Waterproofing in connection with the offer.

Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.