# AF Gruppen to acquire 80% of Stenseth & RS

AF Gruppen Norge AS signed an intention agreement to buy 80% of Stenseth & RS Holding AS, a concrete contractor with 300 employees and 2020 revenue of NOK 470 million, for an enterprise value of NOK 220 million.

- Type: Acquisition
- Announced: 2021-12-08
- Where: Norway
- Value: $25.0M (220.0M NOK)
- Status: announced
- Products: concrete works (formwork, reinforcement, pouring, floor finishing)
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [AF Gruppen](https://endata.com/companies/22119.md) (acquirer)
- [Stenseth & RS Holding](https://endata.com/companies/59535.md) (target)

## Sources

- [norskbyggebransje.no](https://www.norskbyggebransje.no/nyheter/af-kjoper-opp-stenseth-rs), 2021-12-08: "Stenseth & RS er et solid selskap med god ledelse og fagkompetanse, et bredt kundespekter og de har levert gode resultater over tid."

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