Pegroco invests in leading drilling and blasting company

Press release, May 11, 2016

Pegroco becomes the new main owner of the drilling and blasting company Norrbottens Bergteknik AB. After the transaction and future dilution Pegroco will own just over 40 percent of the company. The ambition is to build a leading company in the Nordic region within drilling and blasting.

Norrbottens Bergteknik provides rock services such as drilling, blasting, wire cutting and rock reinforcement and is the leading provider in north Sweden of above ground drilling and blasting. The company has 21 employees and turns over approximately 120 MSEK with an EBITDA margin of over ten percent. The company was founded in 1992. It is based in Älvsbyn, Norrbotten and also has an office in Umeå.

About Pegroco:

Pegroco Invest is an investment company that invests in smaller and medium sized unlisted companies, predominantly in Sweden. Pegroco is an active owner and primarily seeks companies with an established market position and preferably those that have a need for a major change. This need can be structural or business oriented. It can for example be when management wants to buy out the operation from the owners, or when the entrepreneur owner wants to expand the company into new business opportunities but lacks resources. Pegroco also has a professional services business area, Pegroco Advisory, which offers services within capital procurement, company transactions and business development. Pegroco currently has eight investments. Pegroco’s preference share is listed on Nasdaq First North, Stockholm.

For more information

See www.pegrocoinvest.com,

or contact Thomas Brue, CEO Pegroco Invest AB (Publ), tel: +46 70-270 2141, email: thomas@pegrocoinvest.com

Consensus Asset Management AB is Pegroco’s Certified Adviser on Nasdaq First North Stockholm.