ABGSC acts as exclusive financial advisor to NOKAS in connection with the announced sale of 49.99% of the outstanding shares in NOKAS to Sector Alarm cont.

 
ABG Sundal Collier acts as exclusive financial advisor to NOKAS in connection with the announced sale of 49.99% of the outstanding shares in NOKAS to Sector Alarm, the acquisition of Avarn Security Holding and the sale of NOKAS’ small system business.
Selected shareholders in NOKAS have entered into a definitive agreement to sell 49.99% of the outstanding shares in NOKAS to Sector Alarm. In parallel, NOKAS and Sector Alarm have entered into separate definitive agreements for the acquisition by NOKAS of Avarn Security Holding from Sector Alarm and the sale of NOKAS’ small alarms system business to Sector Alarm. NOKAS is valued at an enterprise value of approximately NOK 2.4bn (on a 100% basis and based on net debt as at year-end 2017) in the transaction.
Through the transactions, NOKAS further strengthens its position as a leading Scandinavian full-range supplier of security services. On a pro forma basis, NOKAS will have group revenues in excess of NOK 8.0bn after the completion of the transactions, and strong presence across all four Nordic markets.
Completion of the transactions is expected to take place in September 2018 subject to certain customer closing conditions including necessary competition authority clearances.
 
About NOKAS
Founded in 1987 in Tønsberg, Norway, NOKAS provides security and cash handling solutions to clients across Scandinavia. The Company safeguard lives and assets through the interaction between people and technical solutions. NOKAS is a supplier of package solutions and the product offering ranges from security guard services, technical security solutions, industrial and safety preparedness to cash and asset management. For more information, please visit www.nokas.com