Infratek awarded frame agreement with Vattenfall

Infratek, with the business areas Local Infrastructure and Central Infrastructure, have been awarded a frame agreement with Vattenfall Eldistribution AB, for delivery of local network projects.

The agreement implies that Infratek will deliver local network projects in Vattenfall areas Stockholm, Bergslagen, Uppland, Roslagen, South Eastern Götaland, North Eastern Götaland, South West Götaland and North West Götaland. Guaranteed volumes represent an estimated annual value of approx. NOK 70 million.

Furthermore, the agreement gives Infratek opportunities for project deliveries within overheadlines and substation at Vattenfall's network in Svealand and Götaland.

The contract duration is two years with effect from 1 January 2014, with a further one-year option.

According to regulations the other tenders have the right to lodge complaints for three weeks. The contract cannot be signed prior to the expiration of this period and prior to the evaluation of any complaints.

Infratek ASA

Oslo, 14 November 2013

For further information, please contact: 

Vibecke Skjolde, CFO:
+ 47 916 62 110, vibecke.skjolde@infratek.no

Lars Bangen, Group Executive Vice President Local Infrastructure/acting CEO:
+ 47 907 81 223, lars.bangen@infratek.no

About Infratek ASA:
Infratek is one of the leading Nordic players within building, operating and securing of critical infrastructure. The Group delivers a wide range of services for power grids, railway systems, fiber networks, district heating, public street lighting and technical high security solutions. Infratek has 1,700 employees in Norway, Sweden, Finland and Denmark, and had revenues of NOK 2.8 billion in 2012. Infratek is listed on the Oslo Stock Exchange. For further information, please see www.infratek.no.

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