**The big picture:** Calviks AB has received approval from the Norwegian Competition Authority for its acquisition of Subshore, a specialized staffing and industrial services provider in Norway. **Why it matters:** This strategic move significantly expands Calviks' footprint in the Nordic workforce solutions market, particularly in offshore, industrial, and renewable energy sectors. **Between the lines:** - Calviks will acquire 70% of Subshore, which is projected to generate NOK 910 million in revenue for 2026. - The acquisition is valued at approximately NOK 255 million on a cash - and debt-free basis. - Subshore's high specialization in technical services contributes to an operating margin above typical staffing industry averages. **Staffing & HR impact:** This acquisition enhances Calviks' capacity in niche industrial staffing, potentially increasing gross margins through specialized service offerings and expanding recruiter opportunities in high-demand sectors. It also strengthens its overall market position in Norway. **The bottom line:** Calviks is building a robust Nordic platform for specialized workforce solutions, signaling continued consolidation and strategic growth in the region.