The competition authority in Norway has approved Bravida’s acquisition of Otera Elektro AS and possession has been taken with effect from 2 June 2014.
Bravida signed an agreement in April about the acquisition of the Norwegian Otera Elektro AS, with approx. 300 employees in Kristiansand, Bergen and Asker. Otera Elektro is now a wholly owned subsidiary of Bravida Norge AS and a part of the Bravida Group. For the time being it will operate as an independent company under the name of Bravida Norge 3 AS. The integration process has started and is expected to continue throughout the year.
For more information, please contact:
Staffan Påhlsson, CEO and President, Bravida, tel: +46 8-695 20 00
Mattias Johansson, Division Manager, Bravida Norge, tel: +47 950 19 225