Bravida Norway is acquiring the Thunestvedt corporate group, thereby becoming the largest market participant in Western Norway. The company has sales of around NOK 600 million, around 380 employees and offers services from six locations in Western Norway.
The Thunestvedt corporate group consists of the companies Magnus M. Thunestvedt, Pettersson & Gjellesvik, Sæterdal Elektro and Vangen Elektriske. Together, they currently form the largest electrical company in Western Norway, centred on Bergen. The company performs service provision and project assignments for both private and public companies, and about 60 percent of its sales relate to service and aftermarket work.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.