Qben Infra AB, through its subsidiary Inin Group AS, has entered into an agreement to divest its shares in Nordic Inspekt Group AB and its subsidiaries to Framheim Capital Partners AS.
The transaction values Nordic Inspekt Group at 150 MSEK on a cash-free basis, with Inin Group holding a 62.86% stake in the company. Nordic Inspekt Group is known for providing inspection, testing, and certification services, supported by a global network of experts and advanced technologies. The company operates across industrial equipment, infrastructure, and buildings, with a strong focus on non-destructive testing (NDT) and technical development.
Under the terms of the agreement, the transaction will be settled entirely in cash, with an additional earn-out component of up to 30 MSEK, payable across fiscal years 2026 and 2027. For Qben Infra, the total net cash flow, including debt settlement, is expected to reach 115.6 MSEK, with the overall transaction value potentially rising to 145.6 MSEK including the earn-out.
The proposed transaction remains subject to the completion of due diligence and the finalisation of a Share Purchase Agreement, expected no later than the end of June 2026. Additional conditions include customary approvals, financing arrangements by the buyer, settlement of intercompany debt, and required change-of-control consents.
Subject to the fulfilment of these conditions, the closing and completion of the divestment are anticipated before the end of June 2026.
The boards of directors of Qben Infra and Inin Group have stated that the divestment is in the best interests of the companies and their shareholders. The boards also consider the agreed terms to reflect fair market value and support the strategic direction of Qben Infra.
