Qben enters agreement to divest Nordic Inspekt Group

20 Apr 2026 14:46 CEST

Qben enters agreement to divest Nordic Inspekt Group

Qben Infra AB, (“Qben Infra”), through its subsidiary Inin Group AS (“Inin”),
has today entered into an agreement regarding the divestment of its shares in
Nordic Inspekt Group AB, and its subsidiaries to Framheim Capital Partners AS
(the “Buyer”). The valuation of Nordic Inspekt Group in the transaction is 150
MSEK on cash-free basis and Inin Group owns 62,86% of Nordic Inspekt Group.

Nordic Inspekt Group AB is an innovative thinking provider of inspection,
testing and certification services. With a global network of experts and
state-of-the-art technology, Inspekt helps companies ensure the safety, quality
and performance of their products, systems and facilities. From industrial
equipment to buildings and infrastructure, Inspekt helps customers navigate
complex regulations and meet industry standards. Drawing on a broad background
in building infrastructure and innovative technical development within
non-destructive testing, Inspekt acts as a bridge between technical development
and infrastructure builders.

“This proposed transaction allows Qben Infra to free up resources that can be
applied even better in our business area Power, where we see high growth infra
business ahead, which benefit from strong market activity and a growing order
backlog” says Anders Granshagen, CEO of Qben Infra.

Terms and conditions for the Divestment
The transaction will be settled in full by way of cash payment with an agreed
earn-out of maximum 30 MSEK, divided into the two fiscal years 2026 and 2027. In
terms of net cash flow for Qben Infra, the total payment included payment of
debt, will amount to 115.6 MSEK, plus potential earn-out of maximum 30 MSEK,
making the transaction value is 145.6 MSEK for Qben Infra.

The transaction is subject to a complete due diligence and the definitive terms
of a Share Purchase Agreement which will be communicated no later than by the
end of June 2026.

The Proposed Transaction will be subject to customary conditions, including the
following: (i) the Parties agreeing on and executing definitive transaction
agreements; (ii) satisfactory completion of the Due Diligence; (iii) the
business of the Company having been carried on in the normal course since the
Locked Box Date; (iv) requisite corporate approvals; (v) the Buyer having
secured sufficient financing for the Proposed Transaction; (vi) all necessary
change of control consents being obtained; (vii) settlement of debts between the
Company and the Seller/its affiliates; and (viii) such other conditions as may
be agreed in the definitive transaction agreements. Subject to fulfilment of the
abovementioned conditions, the closing and completion of the Divestment is
expected to occur before the end of June 2026.

The boards of directors of Qben Infra and Inin Group have concluded that it is
in the best interests of the companies and the shareholders of Qben Infra to
carry out the Divestment as proposed. In connection therewith, the board of
directors considers the terms for the Divestment to be at fair market value and
that completion of the Divestment is in the interest of Qben Infra and its
shareholders.

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