NCC completes acquisition of Rieber & Sons Roads business area

NCC completes acquisition of Rieber & Son's Roads business area Becomes clear leader in Nordic asphalt and crushed products segment NCC announced on September 1 that an agreement had been concluded with Rieber & Son regarding the acquisition of Rieber's Roads business area, which has sales of slightly more than NOK 2.2 billion. However, the transaction was subject to the usual due diligence process. The due diligence process has now been completed and an acquisition agreement has been signed, with November 1 as the takeover date. Based on the purchase price of approx. SEK 2 billion, the acquisition is expected to result in a sustainable contribution of slightly more than SEK 100 million from 2003 to the NCC Group's annual earnings once all of the synergistic benefits of 150 MSEK have been realized. We expect a positive result already from 2001. The return on the added capital employed is expected to exceed 12 percent. Rieber & Son's asphalt operations, which include such subsidiaries as Nodest of Norway, Phoenix of Denmark, and Interasfaltti of Finland, have annual sales of slightly more than NOK 1.6 billion. As a result of these additional operations, NCC will become the clear leader in the Nordic market for asphalt and crushed products. NCC's share of the asphalt market will be approximately 40 percent in Denmark, 23 percent in Norway and, combined with the sales of 50-percent-owned Valtatie, about 20 percent in Finland. The acquisition also includes asphalt and crushed product operations in Poland and the Baltic States, which will be valuable additions to NCC's rapidly expanding activities in these markets. For further information, please call: Hans Kjellgren, President of NCC Industry (Tel: +46-8-655 21 94), or Bo Friberg, Senior Vice President Business Development (Tel: +46-70-621 04 40). This and earlier press releases are available on the Internet: www.ncc.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/18/20000918BIT00250/bit0001.doc http://www.bit.se/bitonline/2000/09/18/20000918BIT00250/bit0002.pdf