# Nors to acquire Strongco for CAD 193 million

Nors, S.A. will acquire all outstanding equity of Strongco Corporation for CAD$3.15 per share in cash, with a total transaction value of approximately CAD$193 million including net debt.

- Type: Acquisition
- Announced: 2020-01-24
- Where: Mississauga, Ontario, Canada
- Value: $146.0M (193.0M CAD)
- Status: announced
- Products: construction equipment, automotive equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Nors](https://endata.com/companies/44789.md) (acquirer)
- [Strongco Corporation](https://endata.com/companies/44790.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/01/24/1974948/0/en/Nors-S-A-to-Acquire-Strongco-Corporation.html), 2020-01-24: "Nors will acquire Strongco for CAD$3.15 per share in cash and results in a transaction value of approximately CAD$193 million"
- [equipmentjournal.com](https://www.equipmentjournal.com/construction-news/strongco-corporation-to-be-acquired-for-193-million/), 2020-01-24: "The Portugal-based Nors, S.A. has announced it has entered in to a definitive agreement to acquire Strongco Corporation."
- [nors.com](https://www.nors.com/news/nors-to-acquire-strongco-corporation-canada/), 2020-01-27: "In recent years, Strongco’s management has done an excellent job of strengthening the company’s capital structure, streamlining the business and reducing costs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.