Peab Industri acquires the remaining share of Vendels Grus

Through its subsidiary Swerock, Peab Industri has signed an agreement to acquire the Municipality of Uppsala’s share of Vendels Grus. Swerock already owned 50 per cent of the company, which after the deal will be a wholly owned subsidiary. Vendels Grus engages in the extraction of gravel from a number of pits around Uppsala.

Its sales amount to some SEK 35 million per year, and the company employs a staff of 11.

“Vendels Grus is a well run company which fits in well with our gravel and rock activities in the important Stockholm and Mälardalen markets”, says KG Karlsson, deputy CEO of Peab Industri.

Today, the executive board of Uppsala city approved the agreement, which will be submitted to the district council for adoption on 28 January.

For additional information, please contact:
KG Karlsson, Deputy CEO Peab Industri +46 31 700 84 87
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


This information is such that Peab Industri AB is obligated to publish in accordance with the Swedish Act regarding the Securities Market and/or the Financial Instruments Trading Act or has itself chosen to publish.

Previous press releases from Peab Industri are available at www.peabindustri.com.