AO completes Elektroimportøren acquisition and raises 2026 outlook

Brødrene A. & O. Johansen A/S, known as AO, completed its recommended voluntary cash offer for Elektroimportøren AS on 26 August 2026 at NOK 22 per share. AO acquired 46,999,087 shares, bringing ownership to approximately 92.6% of Elektroimportøren’s issued and outstanding share capital and voting rights. Having exceeded the 90% threshold, AO intends to carry out a compulsory acquisition of the remaining shares under Section 4-26 of the Norwegian Private Limited Liability Companies Act at NOK 22 per share and plans to apply for delisting from Euronext Growth Oslo. AO said on 27 August that Elektroimportøren is expected to contribute DKK 500 million to DKK 550 million in revenue, approximately DKK 70 million in EBITDA (earnings before interest, taxes, depreciation and amortization) and approximately DKK 30 million in EBT (earnings before tax) during its 2026 ownership period, before approximately DKK 10 million in additional financing costs. AO’s updated 2026 guidance is revenue of DKK 7,100 million to DKK 7,300 million, EBITDA of DKK 530 million to DKK 570 million and EBT of DKK 280 million to DKK 320 million, including approximately DKK 20 million in acquisition-related transaction costs expected in the third quarter.

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