Norvestor has divested Veisikring AS to Garda Sikring Group AS, aiming to streamline its portfolio while positioning Garda to enhance service capabilities in Norway's growing traffic management sector.

Target Overview

Norvestor has recently entered into an agreement to divest Veisikring AS, a company previously under the Roadworks Group. Veisikring AS specializes in providing high-quality traffic safety and infrastructure solutions, serving various sectors including municipal projects and private enterprises. The divestment marks a strategic move for both Norvestor and Garda Sikring Group AS, indicating a significant shift in ownership aimed at enhancing operational efficiencies in the traffic management sector.

Industry Overview in Norway

The traffic management and infrastructure services industry in Norway is experiencing robust growth, primarily driven by increased governmental investments in public safety and urban development. The Norwegian government has committed extensive resources towards improving road safety and fostering sustainable transport solutions. This trend is anticipated to create substantial opportunities for firms specializing in traffic safety and related services.

Furthermore, the rise in population and urbanization in Norwegian cities is leading to heightened demand for innovative traffic solutions that prioritize safety and efficiency.