We are one of the largest players in the Nordic region for rock blasting and rock works. With Novedo, we can increase the pace of our development and continue growing to the south and to the north.

Gnesta Bergbyggare is a well-managed group in a stable market that is driven by Sweden’s extensive need for infrastructure investments. Gnesta Bergbyggare has been successful in establishing a first-rate culture with a low rate of personnel turnover. I look forward to the Gnesta Bergbyggare Group’s continued development under the leadership of Dennis Hedström and CEO Nenad Blagojevic.

We are pleased with the positive interest and the strong demand that Novedo’s first bond issue received in the Nordic bond market. The transaction demonstrates the investors’ confidence in Novedo’s business model and enables Novedo’s continued growth strategy by acquiring stable and cash-flow generating companies.