Investment company Calviks has received approval from the Norwegian Competition Authority for the acquisition of 70 percent of Subshore, the company’s largest acquisition to date. The transaction values Subshore at NOK 255 million and the initial purchase price amounts to NOK 178.5 million, of which NOK 125 million is paid in cash. In addition, performance-based earn-out payments may be payable.
Subshore is expected to generate revenue of NOK 910 million in 2026, with EBIT of NOK 55 million.
The acquisition strengthens the Norvika investment platform and is expected to be completed at the end of October.
