At what enterprise value was TRYM ANLEGG acquired in 2022?

During the acquisition of TRYM ANLEGG by PER AARSLEFF in 2022, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M NOK. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of TRYM ANLEGG when it was acquired by PER AARSLEFF?

The estimated EV/EBITDA multiple for TRYM ANLEGG is in the range of 5x - 12x. Join our community for free to access full valuation data and industry trends.

When was TRYM ANLEGG acquired by PER AARSLEFF?

TRYM ANLEGG was acquired by PER AARSLEFF in 2022.

What was the revenue of TRYM ANLEGG at the time of the deal?

The revenue of TRYM ANLEGG at the time of the deal is estimated to be in the range of 250M - 500M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of TRYM ANLEGG during the acquisition?

TRYM ANLEGG's EBITDA is estimated to be in the range of 25M - 50M NOK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TRYM ANLEGG acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TRYM ANLEGG deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.aarsleff.com/about-aarsleff/news/news/aarsleff-s-acquisition-of-shares-in-trym-anlegg-as-has-been-approved

← DATABASE

Home DatabaseTRYM ANLEGG

07/2022

TRYM ANLEGG acquired by PER AARSLEFF

NORWAY Construction / Public Works / Railways EV 100M - 350M NOK

Context

Per Aarsleff Holding has successfully finalized the acquisition of a majority stake in Trym Anlegg, a prominent Norwegian railway specialist, integrating the organization into the Aarsleff Rail Group. This strategic transaction represents a significant expansion of the group's footprint in the high-growth Norwegian infrastructure market, particularly within the central region. The acquisition is structured to include an initial majority interest, with a definitive path to full ownership by 2027 based on book value assessments. The strategic rationale for the move centers on the high degree of technical complementarity between the target's specialized railway capabilities and the group’s existing Norwegian operations. By establishing a strategic presence in Trondheim, the organization achieves crucial geographic diversity, allowing it to navigate the operational challenges posed by diverse terrains and climates. The partnership is designed to leverage the group’s pan-Scandinavian engineering resources and procurement scale to bolster the target’s execution capacity for large-scale national railway investments. This integration reinforces the group’s standing as a leading technical enabler for modern transport infrastructure, ensuring long-term operational caliber across the Nordic rail corridor.

TRYM ANLEGG, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Trym Anlegg is a specialized industrial organization dedicated to the execution of complex projects within the railway and civil construction segments. The entity’s business model is centered on providing mission-critical engineering and maintenance services for national and regional railway networks. Its value proposition lies in its deep technical expertise in railway infrastructure, supporting the reliability and safety of transport corridors in challenging terrains and climates. Strategically, the firm focuses on the Central Norwegian market, operating as a localized technical partner for public infrastructure authorities and private industrial clients. By integrating specialized construction capabilities with high-precision engineering, the organization facilitates the modernization and expansion of critical transport systems. The firm prioritizes technical durability and operational safety, maintaining a strong reputation for project delivery in demanding environmental conditions.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (NOK)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Construction & Real Estate

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2022	HAL HOLDING	ROYAL BOSKALIS WESTMINSTER	NETHERLANDS	Construction	HAL Holding, the target's long-standing anchor investor since 1989, has successfully finalized the acquisition of 100% of the common stock of Royal Boskalis Westminster. This transformative transaction marks the end of the organization’s 51-year public listing on Euronext Amsterdam, transitioning the entity into a private subsidiary under the acquirer’s industrial portfolio
11/2022	VEIDEKKE	CONSTRUCTA ENTREPRENØR	NORWAY	Construction	Veidekke has successfully finalized the acquisition of 100% of the shares in Constructa Entreprenør, integrating the organization into its Veidekke Bygg division. This strategic transaction represents a significant territorial densification in the Bergen market, one of the most attractive and competitive construction hubs in Norway
07/2022	BYGGPARTNER GRUPPEN	ÅHLIN & EKEROTH BYGGNADS	SWEDEN	Construction	ByggPartner Gruppen has successfully finalized the acquisition of 100% of Åhlin & Ekeroth Byggnads AB, a transformative transaction that significantly increases the group's presence in the strategically vital Östergötland region
07/2022	BYGGPARTNER GRUPPEN	FLODÉN BYGGNADS	SWEDEN	Construction	ByggPartner has finalized the acquisition of 100% of the shares in Flodén Byggnads AB, a strategic move that establishes a robust operational base in the Western Swedish market. This transaction was executed concurrently with the integration of another regional leader, transforming the acquirer into a significantly larger industrial group with a diversified geographic footprint across Sweden
03/2022	ANDERA PARTNERS	GROUPE ERI	FRANCE	Construction	Andera Partners has succeeded Latour Capital to back the next growth chapter of Groupe ERI, a premier leader in multi-technical building services within the Paris region. This secondary LBO transaction provides the company—which specializes in electrical engineering, HVAC systems, and comprehensive energy-efficient building renovations—with a new institutional sponsor to accelerate its corporate scaling
12/2021	COLAS	DESTIA	FINLAND	Construction	Colas has successfully finalized the acquisition of 100% of the shares of the target entity from a Finnish family investment firm, following definitive regulatory approvals. This transaction marks a structural entry into the Northern European market, a region characterized by resilient public spending and high demand for specialized infrastructure maintenance
10/2021	MONTEFIORE INVESTMENT	NGE	FRANCE	Construction	The investment organization has successfully finalized a strategic minority acquisition in the share capital of the target, acquiring a significant interest alongside the founding management and employees
04/2021	VINCI	COBRA IS (ACS ENERGY)	SPAIN	Construction	VINCI has entered into an agreement to acquire the energy business of Spanish group ACS, consolidated under Cobra IS, as part of a strategic move to bolster its position in the energy and infrastructure sectors
03/2021	HIVEST CAPITAL PARTNERS	FACE GROUP	FRANCE	Construction	Hivest Capital Partners has acquired a majority stake in Face Group in a primary LBO transaction, marking the start of the company's transmission from its founders. The deal followed a competitive process involving both financial and industrial bidders
11/2019	ANDERA PARTNERS	SYLPA	FRANCE	Construction	Groupe SYLPA has successfully completed a new LBO through a sponsorless transaction. This deal enables founding president Pascal Fournet-Fayard, CEO Olivier Godefroy, and a management team of six executives to significantly increase their equity stake in the business

REFERENCES

Valuation range: EV 100M - 350M NOK

Revenue range: 250M - 500M NOK

EBITDA range: 25M - 50M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRYM ANLEGG by PER AARSLEFF are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: trym anlegg