Peab has signed a letter of intent to acquire K Nordang AS

Peab has signed a letter of intent to acquire 90.1 percent of K. Nordang AS. The company carries out construction on the Norwegian Vestlandet.

K Nordang had sales of approximately 300 MNOK in 2010 and has about 80 employees.
The purchase agreement will be signed on completion of due diligence and acquisition requires the Norwegian Competition Authority.

 

For further information, please contact:

Niclas Winkvist, director M & E Peab +46 431 89109

Gösta Sjöström, CIO Peab +46 733 371010

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 at 8.30 a m. on 7 April 2011.

Previous press releases from Peab are available at www.peab.com

Peab is one of the leading construction and civil engineering companies in the Nordic countries with approximately 14,000 employees and a net sale amounting to around SEK 38 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.

About Us

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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