Calviks Gains Norwegian Regulatory Approval to Acquire Subshore

09:14 AM EDT, 10/13/2026 (MT Newswires) -- Calviks (CALVIK.ST) secured clearance from the Norwegian Competition Authority to acquire a 70% stake in industrial services and staffing group Subshore.no, according to a Tuesday release. The deal values the target at 255 million Norwegian kroner on a cash- and debt-free basis. The initial purchase price for the 70% stake is 178.5 million kroner, with the Swedish consulting and recruitment services company paying 125 million kroner of the total in cash upon closing. The deal also includes two performance-based earnout payments. The transaction is set to close at October-end, with the financial closing backdated to July 1.