Peab Acquires Construction Company in Northern Norway

Peab has signed an agreement to acquire the companies Nilsen & Haukland AS and AS Bogstrand based in Harstad in northern Norway. The companies are part of the same group and is engaged in contract and construction services.

The overall turnover of the companies was for the fiscal year 2013 to 221 MNOK and employs of 120 persons.

The acquisition requires approval from the Norwegian competition authorities and admission is expected to occur during the fourth quarter of 2014.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 14 November 2014 at 9.15 a.m.

For further information, please contact:
Niclas Winkvist, CFO Peab, +46 733 84 75 00
Niclas Brantingson, CIO Peab, +46 733 37 20 06

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 40 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 51 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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