Northcom provides comprehensive solutions and specific products to a diverse customer base, including police, fire departments, national defense, airports and energy companies.

Established in 1952, Northcom has seen substantial growth, with revenues reaching NOK 750 million and EBIT over NOK 70 million in 2023. As the company has grown in size and complexity, the previous owners sought a partnership for the next phase of growth. Aars, owned by the Møller family, was chosen for their focus on operational excellence and strong core values.

The transaction is expected to close in June 2025, pending regulatory approval and customary closing conditions.

DHT Corporate Finance acted as sole financial advisor to Northcom in the transaction.

We thank the Stomperud family for their trust in DHT Corporate Finance, Aars for their helpful cooperation, BAHR for managing the legal aspects, and the Northcom team for their strong commitment throughout the process.