Tencate Grass Holding B.V. has acquired full ownership of PST Sportsanlegg, a Norwegian provider of artificial grass solutions, enhancing its presence in the growing synthetic grass market.

Target Company Overview

Tencate Grass Holding B.V. increased its stake in PST Sportsanlegg, acquiring 65% of the company in August 2022. Following this initial investment, Tencate Grass proceeded to acquire the remaining 35% of shares in February 2024, resulting in full ownership of PST Sportsanlegg.

PST Sportsanlegg, located in Kristiansand, Norway, specializes in providing high-quality products within the national market for artificial grass. Their offerings include synthetic surfaces for various sports, including tennis, padel courts, and accessories such as goal nets, stadium fences, pitch barriers, and associated maintenance solutions.

Industry Overview in Norway

The synthetic grass industry in Norway has witnessed substantial growth, driven by an increasing demand for durable and low-maintenance playing surfaces. As recre