Assemblin Caverion Norway acquires plumbing company Åge Nilsen
Assemblin Caverion Norway has announced the acquisition of Åge Nilsen, a plumbing company headquartered in Tromsø, Norway.
This move is said to complement Assemblin Caverion Norway's existing operations in the region and aligns with the group's growth plan.
Founded in 1957, Åge Nilsen, with roughly 60 employees and annual net sales of Nkr170m ($16.75m), focuses on large construction projects. It has a presence within the defence and aquaculture markets.
Assemblin Caverion Norway CEO and EVP Torkil Skancke Hansen said: 'Under the Caverion brand, we already offer services in Tromsø and Harstad, and Åge Nilsen complements us with their focus on the project market.
"Together, we have a complete offering in a key region. Åge Nilsen has been on our wish list for several years as the largest and most well-established company in the area.'
Åge Nilsen CEO Tor Torbergsen said: 'We have built up strong expertise in large construction projects over many years, and we have been one of the largest plumbing contractor[s] for defence construction in Northern Norway.
"We have also completed large projects within the aquaculture and healthcare industry, such as the hospitals in Narvik and Hammerfest, and are well-equipped to support the development in defence and take on other large construction assignments in the years to come.'
The deal awaits clearance from the Norwegian Competition Authority.
Assemblin Caverion Group, a technical service and installation company in Northern Europe, was established in April 2024 through the merger of Assemblin Group and Caverion Corporation.
The group has around 20,000 skilled professionals across nine countries, offering solutions throughout the entire life cycle of the built environment.
In March of this year, Assemblin was tasked with upgrading AstraZeneca's Gärtuna production plant in Södertälje, Sweden.
The following month, Assemblin secured a contract with Skanska for installations at NKT's new extrusion tower in Karlskrona, Sweden.
This project continues the partnership between Assemblin and NKT, building on the success of the second tower completed in 2022.
"Assemblin Caverion Norway acquires plumbing company Åge Nilsen" was originally created and published by World Construction Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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