AF Gruppen completes the acquisition of Claxton Engineering Services

About this update from Af Gruppen Asa Class A

In a stock exchange announcement on 15 April 2026 , AF Gruppen disclosed that it had entered into an agreement to acquire all the shares in Claxton Engineering Services . AF Gruppen has today completed the acquisition of these shares. The enterprise value is GBP 63.5 million , corresponding to approximately NOK 800 million . The consideration is paid in cash and is financed from AF Gruppen's liquidity reserves. The transaction comprises the operating companies Claxton Engineering Service Ltd. ( UK ), Probe Manufacturing and Fabrication Ltd. ( UK ), Claxton Engineering Services Pte. Ltd. ( Singapore ), Claxton Services Pty. Ltd. ( Australia ), Claxton Engineering Services LLC SPC ( Abu Dhabi ), Claxton Engineering Services AS (Norway) and Claxton Services Inc. ( USA ). Claxton will be organised as a new business unit within the Offshore business area of AF Gruppen . For further information: Chief Executive Officer, AF Gruppen , Amund Tøftum, tel. +47 920 26 712 EVP Offshore, AF Gruppen , Lars Myhre Hjelmeset, tel. +47 970 39 084 Click here for more information © Oslo Bors ASA, source Oslo Stock Exchange

View stock analysis, news, and events for Af Gruppen Asa Class A