Peab divests foundation work operations in Norway

Peab has signed a contract to divest its foundation work operations in Norway, run in Nordiska Fundamentering AS, to NCC. 
 
The business had net sales of NOK 252 million and 102 employees in 2016.

The transaction requires approval by the Norwegian Competition Authority and the divestiture is expected to take place in the fourth quarter 2017.

Swedish foundation work operations are not affected by the above transaction and continue as ever.

For further information, please contact:
Karl-Gunnar Karlsson, Business Area Manager, Peab, cell: +46 733 84 85 89
Kajsa Jacobsson, Press Officer Peab, cell: +46 725 33 34 84

Peab is one of the leading Nordic construction and civil engineering companies with about 15,000 employees and net sales of SEK 49 billion. The Group has strategically located offices in Sweden, Norway and Finland. The Peab’s registered office is located in Förslöv on Cap Bjäre in south of Sweden. The Peab share is listed on Nasdaq Stockholm.

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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and SEK 50 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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