Headline: Nordic Wood acquires Scandi Byg
Acquiror: Nordic Wood Industries A/S
Target: Scandi Byg A/S
Target Services: Construction and building services
Valuation: DKK 30 m
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.