Nors, S.A. Acquires Strongco Corporation
January 24, 2020
Portuguese equipment dealer Nors, S.A. agreed to acquire Strongco Corporation for CAD$3.15 per share in cash, representing a transaction value of approximately CAD$193 million (including net debt). The deal, effected by a statutory plan of arrangement, gives Nors a Canadian platform for selling, renting and servicing construction, mining and forestry equipment and is expected to close before the end of Q1 2020 subject to shareholder, court and regulatory approvals.
- Buyers
- Nors, S.A.
- Targets
- Strongco Corporation
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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