Nordic Waterproofing divested to Kingspan
Acquisition of Nordic Waterproofing
February 2025
Sector: Industrial & Business services
Service: M&A
Our role
Evli Corporate Finance provided a fairness opinion in connection with the public offer placed by Kingspan to the shareholders of Nordic Waterproofing, a leading provider of waterproofing solutions in the Nordic region
Buyer
Kingspan Group plc is a global leader in high-performance insulation and building envelope solutions, with operations in over 70 countries and annual revenue exceeding EUR 8 billion. Kingspan is listed on the Euronext Dublin and the London Stock Exchange
Target
Nordic Waterproofing (publ) is a leading provider of waterproofing products and services in the Nordic region, with approximately 1,300 employees and annual sales of SEK 4.2 billion in 2023. Nordic Waterproofing was listed on Nasdaq Stockholm, Mid Cap