Norbit ASA (DE:4NK) has released an update.
Norbit ASA is set to raise up to NOK 200 million through a private placement of new shares, with the proceeds aimed at financing the acquisition of Innomar Technologie GmBH, strengthening the company’s financial flexibility and supporting future growth. Innomar, a leader in sub-bottom profiler technology, is expected to complement Norbit’s existing oceanic product range, with a combined EBIT of NOK 323 million reported for both companies over the past twelve months. Significant pre-commitments have been made by key figures within the company, including its CEO and a board representative.
For further insights into DE:4NK stock, check out TipRanks’ Stock Analysis page.
