Investment company Calviks has signed a binding agreement to acquire 70 percent of staffing company Drift Sør, which operates in the energy, oil, gas and industrial sectors.
The company value amounts to approximately 108 million Norwegian kronor. Drift Sør is expected to generate approximately 270 million Norwegian kronor in revenue in 2026, with EBIT of 21 million.
Approximately 60 million Norwegian kronor will be paid in cash upon completion, with the possibility of two performance-based earn-outs.
The acquisition will be included in the Norvika platform and is conditional on financing.
