Peab acquires 90 percent of HGT in Bergen
Peab has signed a contract to acquire 90 percent of the shares in civil engineering company HGT AS in Bergen. With this acquisition Peab strengthens its position in civil engineering in Norway.HGT is a family-owned company operating as a general contractor in civil engineering since 1979. The company is domiciled in Kokstad in Bergen and in 2020 had net sales of NOK 150 million. “The acquisition of HGT is part of our investment in Vestlandet. Within civil engineering we’re currently strong in ports and sea as well as concrete in this region and this acquisition strengthens our position