Our longtime client Brødrene A. & O. Johansen A/S (Nasdaq Copenhagen) today published a recommended voluntary tender offer to acquire all issued and outstanding shares in Elektroimportøren AS (Euronext Growth Oslo).
The offer marks a significant milestone in Brødrene A. & O. Johansen’s pan-Nordic expansion strategy.
At an offer price of NOK 22 per share, representing a premium of 57.1% to the closing price on the last trading day prior to announcement, the offer values Elektroimportøren at approximately NOK 1,117 million.
Elektroimportøren AS is a specialist and fully integrated omnichannel player in the electrical equipment market, serving both private and professional customers across Norway and Sweden.
The company distributes a wide range of electrical products through 32 owned stores and e-commerce.
For its proprietary brands, it controls the full value chain from product development and sourcing to distribution and delivery of services and installations through certified professionals.
Elektroimportøren reported revenue of approximately NOK 1.8 billion for the financial year ended 31 December 2025.
We are proud to have assisted Brødrene A. & O. Johansen A/S on this significant transaction together with Wikborg Rein Advokatfirma AS as Norwegian legal counsel, with the team led by Andreas O. Myrstad, Arild Støren Frick, Stine Moengen Holst and Håkon Kristian Stavrum, and Arctic as financial adviser.
We also thank Elektroimportøren AS’ legal counsel, Advokatfirmaet Wiersholm AS, and ABG Sundall Collier ASA, for the collaboration on this deal.
The Gorrissen Federspiel core team consisted of Gitte Lansner (partner), Chantal P. Patel Simonsen (partner), Mathias Ringby Andersen (counsel), Thomas Hammer Skou (attorney) and Emilie Rønberg Kristensen (assistant attorney).