Press release

Core Viewpoint - Brødrene A & O Johansen A/S is acquiring 100% of JMV Cables A/S to enhance its position in the electrification market and meet the growing demand for specialized cable solutions [1][4]. Company Overview - JMV Cables A/S is a Danish supplier specializing in cable solutions for construction, industry, and infrastructure, known for its strong project sales and a diverse inventory of standard and specialty cables [2]. - The company emphasizes quality, flexibility, and high delivery reliability, providing tailored solutions to meet specific customer needs [2]. Strategic Rationale - The acquisition aligns with the increasing demand for larger and specialized cables driven by Denmark's electrification, as noted by CEO Niels A. Johansen [3]. - The partnership aims to leverage JMV's expertise to create greater value for customers, particularly in complex projects requiring specialized knowledge and advisory services [3]. Financial Details - In the last financial year, JMV Cables A/S reported revenue of approximately DKK 125 million and an EBITDA of DKK 8.7 million [4]. - The acquisition price is set at DKK 55 million, with an additional earn-out component, pending approval from Danish competition authorities [4].