Setterwalls has assisted Nordisk Bergteknik AB (publ) in connection with the acquisition of TSB Borrentreprenad AB

Nordisk Bergteknik strengthens its offer within the drilling segment through the acquisition of all shares in TSB Borrentreprenad AB.

TSB Borrentreprenad AB was founded in 1992 and had approximately SEK 49 million in sales in 2021. The company has around 25 employees and provides services in directional drilling, hammer drilling and core drilling. The purchase price amounts to SEK 14,7 million with a possible additional purchase price consideration of up to SEK 4 million. Parts of the purchase price will be reinvested in Nordisk Bergteknik AB in the form of shares. Setterwalls has acted as legal counsel for Nordisk Bergteknik throughout the entire transaction process.