Norwegian HR Company Zalaris Agrees to $227 Million Takeover

Dow Jones03-13 15:14
 

By Dominic Chopping

 

Norwegian human resources and payroll-services provider Zalaris agreed to a $227 million takeover offer by private equity firm Norvestor Advisory and certain members of the company's corporate management.

Zalaris said the 2.2 billion kroner ($226.6 million) offer comes after the company launched a strategic review two years ago to find the right partner to accelerate growth and strengthen its multicountry payroll and HR services.

Shareholders will receive 100 kroner a share, a 40% premium to Thursday's closing price.

The offer was launched by Norvestor in collaboration with corporate management shareholders of the company, including founder and Chief Executive Hans-Petter Mellerud, through an investment and cooperation agreement.

"Teaming up with Norvestor, we can move faster and invest with a longer-term focus--accelerate our investment in AI to drive further automation and deliver more customer-centric solutions," Mellerud said.

The company's board of directors unanimously recommended that shareholders accept the offer.

Shareholders holding around 17.1% of the shares have undertaken to accept the offer, while management shareholders will transfer or sell shares representing 13.8% of the company to Norvestor.

In total, 6.8 million shares have been committed to the offer, representing around 30.9% of the issued and outstanding shares.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

March 13, 2026 03:14 ET (07:14 GMT)

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