NCC acquires Danish company for project development of family homes

NCC acquires Danish company for project development of family homes NCC is acquiring Bülow & Nielsen, one of Denmark's largest and best-known type-standard home construction companies. The company produces and sells around 175 homes each year and has sales of approximately SEK 250 M. There are some 80 employees. Bülow & Nielsen operate primarily in the Copenhagen region, where it has a very strong market position. "The acquisition of Bülow & Nielsen is part of the efforts to build up NCC Danmark's Housing business area. The business concept is the project development and production of high-quality homes and Bülow & Nielsen fits this perfectly," says Olle Håkansson, head of NCC Housing. For further information, please contact: Olle Håkansson, head of NCC Housing, Tel: +46-70-650 36 30, or Holger Brogaard, Group President, Tel: +45-45-82 66 00. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/23/19991222BIT01020/bit0001.doc http://www.bit.se/bitonline/1999/12/23/19991222BIT01020/bit0002.pdf