BlomASA signs agreement to divest its Danish subsidiary Blominfo a/s

January 27, 2012 -- Blom ASA (Blom) has signed an agreement to divest its Danish subsidiary BlomInfo A/S to the Danish engineering and consulting company NIRAS A/S.

Blom will receive a consideration of DKK 19.4 million as compensation for the equity in BlomInfo A/S and working capital provided by Blom to BlomInfo A/S. After the completion date Blom may receive up to an additional DKK 4.5 million as further repayment of the working capital in BlomInfo A/S.

The transaction is expected to be completed within the end of next week.

The transaction comprises the activities of BlomInfo A/S in Denmark and certain projects for mapping and property registration carried out outside Denmark. The transaction does not comprise the shares hold by BlomInfo A/S in PT Blom Nusantara, Indonesia (95%), Blom Romania SRL, Romania (100%), Blom Bulgaria EODD, Bulgaria (100%), BlomInfo Polska Sp.zo.o., Poland (100%), Blom Kosova Shpk, Kosovo (100%) and BlomInfo Ukraine Ltd., Ukraine (51%), which ownership will remain with Blom.

BlomInfo A/S had 42 employees at 30. September 2011 and its Board and Management consisted of the following members:

Board of Directors:

Dirk Blaauw, Chairman of the Board

Simon Holse

Jannie Elisabeth Westermann

Gunnar Hirsti

Lars Bakklund


Kristian Skak Nielsen, General Manager

Jesper Rye Rasmussen - Market Manager

Niels Verner Pedersen - Head of Århus branch office

Laurids Rolighed Larsen - Key Account Manager

Claus Poetzsch - Director International Business

Vibeke Godvin Jensen - Finance Manager

The key financials (in NOK 1,000) of BlomInfo A/S are:

BlomInfo A/S  


( 1000 NOK)



YTD Q3 2011






50 968


69 363


92 518






-10 622




Net result


-1 158


-13 405


-2 611


Balance (divested items)

YTD Q3 2011

2 010

2 009


Fixed assets


2 432


3 462


5 233


Current assets


44 975


44 432


54 550




18 359


23 173


23 948

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