Peab acquires BEFAB in Linköping

Peab has acquired the land developer Berg och Falk AB (BEFAB), which is primarily active in the Östergötland region.
BEFAB mainly works with land development, management and maintenance as well as ballast production. The company has around 200 employees and a turnover of approximately SEK 360 million. The seller, Ryno Berg, will continue as MD in the company and the business will continue to function in its current form under the brand name BEFAB. Part of the purchase sum will be paid in Peab shares. The Swedish Competition Authority must approve the acquisition in order for the contract to be valid. Ownership takeover is expected to take place on 1 July 2008.

The customary personnel negotiations have been completed.

- The acquisition strengthens and compliments Peab’s existing civil engineering organisation in Östergötland well,” comments Peab’s Deputy CEO Jan Johansson.

- Selling to Peab provides us with vital opportunities to further develop operations in BEFAB, comments the seller and MD Ryno Berg.

For further information, please contact:
Jan Johansson, Deputy CEO Peab, +46 733-37 40 00
Ryno Berg, MD BEFAB, +46 706-21 15 52
Claes Bille, Personnel Director BEFAB, -46 733-12 35 60
Gösta Sjöström, CIO Peab +46 733-37 10 10

Previous press releases from Peab are available at www.peab.se

This information is such that Peab AB is obliged to publish in accordance with Swedish law regarding the securities market and/or the Financial Instruments Trading Act or has itself chosen to publish. The information was submitted for publication at 14:01 p.m. on 4 June 2008.