These houses are produced as modules in the factories of BWG Homes in Sweden. The houses will be sold by the members of Mestergruppen and be branded as Mestergruppen products (private branding).

 

- We believe strongly in these products. The agreement made with such a professional and well renowned player as Mestergruppen and their members confirms our view that there is demand in Norway for highly standardised and cost effective housing models. For BWG Homes this agreement is an important expansion of our sales and marketing presence in Norway, and it will generate further business for the existing production capacity of the BWG Homes operations in Sweden, comments Lars Nilsen, the CEO of BWG Homes ASA.

 

- This is a very important agreement for Mestergruppen. Our own housing concepts Mesterhus and Systemhus are tailor-made products with high quality. Our chain members will now get access to a more finished product, not forsaking the high quality that we are so well known for. We know that there is a demand in the market for affordable homes with high quality, short production time and low energy consumption. These houses will in particular be attractive for the first time buyers and all those concerned about saving money on energy, says Lars Øberg, the chairman of the board of directors in Mestergruppen AS.

 

 

 

Mestergruppen AS is one of Norway's largest players in the building and construction industry, covering the business areas Chain operation Housing production (Mesterhus and Systemhus), Chain operation Building materials (Byggeriet), building materials shops, projecting competence and land development. Mesterhus and Systemhus have 151 and 65 members (local companies) respectively all over Norway. Byggeriet has 100 shops.

 

Mestergruppen generated revenues in excess of NOK 2 billion in 2008, while total sales for all members and associated companies amounted to NOK 6 billion. Mestergruppen AS' head office is located at Bryn in Oslo.

 

BWG Homes develops, sells and constructs residential homes in the Nordic region. The brands owned by the group are Block Watne and Hetlandhus in Norway, Myresjöhus and SmålandsVillan in Sweden. BWG Homes sells and constructs homes through own residential projects and for individual customers. Ranked as a leading residential house builder in its markets, the group annually completes more than 2 000 new homes. BWG Homes has 830 employees and revenues in 2008 totalled NOK 3.2 billion. BWG Homes ASA is listed at Oslo Stock Exchange.

 

 

CEO Morten Bjerke, Mestergruppen AS, tel: +47 994 07 926

CEO Lars Nilsen, BWG Homes ASA, tel: +47 23 24 60 00