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Humana receives competition clearance for the acquisition of Team Olivia Norge AS

2024-04-30 14:59

On April 8 2024, Humana announced its intention to acquire Team Olivia Norge AS. Humana has now received approval for the acquisition from the Norwegian competition authority Konkurransetilsynet. The transaction is expected to be completed and consolidated in Humana’s accounts from 3 June 2024.

The approval does not require any special conditions or concessions from Humana's side.

Team Olivia Norge AS primarily operates in the areas of individual and family care as well as assistance services, reporting revenues of 913 million Swedish kronor1) in 2023. The company has approximately 2,000 full-time employees and the transaction is expected to reduce operational risk for Humana by providing a more diversified customer base and broader geographical exposure. The acquisition is expected to contribute positively to Humana's earnings per share from 2025.

– We are pleased to now be one step closer to completing the acquisition. By adding many competent colleagues and complementary services, we strengthen our offering to the customer in the Norwegian market, says Johanna Rastad, President & CEO of Humana.

For more information, please contact:

Johanna Rastad, President & CEO of Humana, +46 70-748 20 44, johanna.rastad@humana.se

Ewelina Pettersson, Head of Investor Relations, +46 73-074 79 12, ewelina.pettersson@humana.se

1) Based on an FX rate of 1,0054 NOK/SEK.