MT Højgaard Holding's subsidiary Enemærke & Petersen acquires Raunstrup
Introduction
MT Højgaard Holding A/S’ business unit, Enemærke & Petersen, has entered into an agreement to acquire the nationwide construction and carpentry company Raunstrup.
The strategic acquisition will bolster Enemærke & Petersen’s (E&P) geographical position in Denmark and strengthen its activities within building maintenance services. The Raunstrup brand will remain, and activities as well as daily management will continue unchanged under E&P’s ownership.
The acquisition is conditional on approval by the competition authorities and usual closing conditions.
Oaklins was engaged by MT Højgaard Holding as strategic and financial advisor in this transaction. The acquisition marks Oaklins’ third transaction as advisor to MT Højgaard.
We are very pleased with Oaklins’ assistance in our most recent acquisition. We have worked with the team for a long time and always appreciated their honest and personal approach to our M&A activities as well as their broader strategic advice.MARTIN SOLBERG, CFO - MT HØJGAARD HOLDING
About MT Højgaard Holding
Headquartered in Copenhagen, Denmark, MT Højgaard Holding (MTHH) is one of the leading construction and civil engineering companies in Denmark with roots back to 1918. The company is listed on the Nasdaq OMX Copenhagen stock exchange.
MTHH has more than 3,900 employees and generated revenue of c. EUR 700 million in 2019. The subsidiary E&P is a market leader within refurbishment of social housing, schools, etc. E&P has more than 700 employees and generated revenue of c. EUR 300 million in 2019.
Read more about MT Højgaard Holding on the website: www.mthh.dk
About Raunstrup
Headquartered in Aarhus, Denmark, and founded in 1967, the Raunstrup group has a strong market position offering a wide range of carpentry and building services. The group includes the subsidiaries Raunstrup Byggeri, Raunstrup Bygningsservice and Raunstrup Tømrer. The group has more than 300 employees and generated revenue of c. EUR 65 million in the fiscal year 2019/20.
Read more about Raunstrup on the website: www.raunstrup.com
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