Per Aarsleff Holding A/S (CPSE:PAAL B) agreed to acquire Neidhardt Grundbau GmbH and Ponel Bau GmbH on November 28, 2018. The acquisition is subject to the approval of the german regulatory authorities, which approval is expected in the second quarter of the financial year 2018/19. Neidhardt Grundbau GmbH and Ponel Bau GmbH reported revenue for the year ended March, 2018 of €20 million. Kromann Reumert acted as legal advisor to Per Aarsleff Holding A/S in the acquisition. Per Aarsleff Holding A/S (CPSE:PAAL B) completed the acquisition of Neidhardt Grundbau GmbH and Ponel Bau GmbH on January 15, 2019.