MT Højgaard Holding has concluded an agreement to sell its last business activity in Greenland, the technical contracting and service company Arssarnerit.
The buyer is VVS & El Firmaet A/S, which will take over all activities in Arssarnerit, including operating assets, inventory, ongoing projects, employees and guarantees for completed projects up to a certain limit.
The sale of Arssarnerit is the last major step in the winding down of MT Højgaard Holding’s international activities, which began in October 2023. Following the completed sales in Africa, Portugal, the Faroe Islands and Greenland, only minor operating assets in Greenland are now outstanding.
The sale is subject to the approval of the Danish competition authorities and is expected to be completed in Q2 2026.
Accura advised MT Højgaard Holding in connection with the transaction.