Nordic Wood acquires Scandi Byg

Headline: Nordic Wood acquires Scandi Byg

Date: 28/08/2023

Type: Acquisition

Acquiror: Nordic Wood Industries A/S

Target: Scandi Byg A/S

Target Services: Construction and building services

Valuation: DKK 30 m

Country: Denmark

Continent: Europe

Target Industry: Construction

Rationale: Strategic divestment to focus on core business

Summary: MT Højgaard Holding A/S receives competition authority approval for the sale of Scandi Byg A/S to Nordic Wood Industries A/S. The sale aligns with MT Højgaard Holding’s strategic focus on its Danish core business units, contributing to its financial outlook for 2023.

Company Insight provides expert company research services. If you are looking for company research or market analysis services please get in touch