Avelios has signed a joint venture with an established international shipping company to acquire a controlling interest in a Norwegian infrastructure and mining business, which produces high quality aggregate products for the offshore industry, including undersea tunnels and windfarms
The company established over 20 years ago, operates five major quarrying and mining operations and multiple industrial ports across Norway. The company currently produces and exports approximately 1.5m metric tonnes of material annually.
The purpose of the investment is to provide growth capital for the business, capitalizing on strong long-term demand and to deliver more sophisticated shipping and inventory management solutions for the company’s customers.
