# Eqva signs LOI to combine BKS and LOS Group companies

Eqva ASA signed a letter of intent to combine its subsidiary BKS with LOS Group's companies (LOS Elektro, LOS Eiendom Bergen, LOS Cable Solutions, Zinus) into a new subsidiary. Eqva will own 61% and LOS Group owners 39% of the combined entity with an EV of approximately NOK 620 million.

- Type: Acquisition
- Announced: 2023-12-06
- Where: Norway
- Value: $58.0M (620.0M NOK)
- Status: announced
- Products: piping, power systems, automation, high-voltage solutions, cable solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [LOS Cable Solutions AS](https://endata.com/companies/51373.md) (target)
- [Eqva](https://endata.com/companies/74226.md) (acquirer)
- [LOS Group](https://endata.com/companies/74227.md) (partner)
- [LOS Elektro](https://endata.com/companies/74228.md) (target)
- [LOS Eiendom Bergen](https://endata.com/companies/74229.md) (target)
- [Zinus](https://endata.com/companies/74230.md) (target)

## Sources

- [eqva.no](https://www.eqva.no/post/eqva-signs-a-letter-of-intent-to-combine-bks-and-los-into-a-market-leading-supplier-in-the-sectors-of-piping-power-and-automation), 2023-12-06: "Eqva signs a letter of intent to combine BKS and LOS into a market leading supplier in the sectors of piping, power, and automation."

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