Norva24 acquires CKS in Berlin, adding NOK 40 million in revenue and further solidifies Norva24 as the undisputed market leader in the Berlin/Brandenburg metropolitan area

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CKS is a renowned company providing Norway24 basic services such as pressure washing, tank and line cleaning and relining services as well as ancillary services related to UIM. The company is based in Berlin. The company has a strong heritage dating back to 1998. CKS employs 21 people and has a fleet of 18 vehicles. By adding CKS to the current Norway24 operation in the German capital, Norway24 income in a greater Berlin the area will increase above NOK 300 million highlighting Norva24’s position as the undisputed market leader in the maintenance of underground infrastructure in Greater Berlin.

The acquisition is primarily financed through Norva’s existing credit facility24. The transaction is finalized and will be consolidated in the 4th quarter of 2022.

“We are very happy to welcome CKS to Norway24. Expand our footprint in Germany is a key element in the Norway24 path towards our vision of becoming a European beacon in the maintenance of underground infrastructures. By adding CKS to Norway24we are further developing our position as the undisputed market leader in the UIM region of the German capital,” says Henrik DamgaardCEO, Norva24 AB Group.

“CKS is a solid company with strong margins and highly skilled employees operating a new fleet. CKS will fit perfectly into the existing system of Norway24 businesses. We look forward to working with Frank Dittberner the new CEO of CKS. Frank has been with CKS since 2007. We are confident that with experienced staff and reputable services, CKS will continue to provide excellent services for the market and value Norway24. “, says Dr. Bertolt Gärtner, CEO of Norva24 Germany.

“I look forward to developing CKS further.” said Frank Dittberner the CEO of CKS.

For more information, please contactHenrik Damgaard, VD +47 907 72 943
Sture Stölen, IR Manager +46 723 68 65 07

Norway24 is the leading North European player in the UIM industry[1] and offers UIM services, such as draining, pressure washing and plumbing services. On June 30, 2022the company operated 72 branches[2] in Norway, Germany, Sweden and Denmark, with approximately 1,500 employees. The company’s history dates back to 1919 and Norway24 has since evolved from a company with Norwegian roots to become a market leader in UIM services in Norway, Germany, Sweden and Denmark. Norway24 is used to making acquisitions in order to enter new markets or consolidate its position in the local market, taking advantage of the highly fragmented UIM market in Europe, which is characterized mainly by small local businesses. In its four markets, the company has made 39 acquisitions since 2015. www.norva24.com.
[1] Measured in revenue.
[2] The term “branch” refers to places of business located at various locations where the company conducts business.

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