Peab acquires Cramo Entreprenad

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Peab acquires Cramo Entreprenad and Yttre Miljö of a total turnover of SEK 120 million. The two businesses will continue to be conducted under the brands Cliffton and Stockholm Entreprenad, both part of the Peab Group.

Peab sells the major part of Peabs Finnish rental operations to Cramo with a turnover amounting to SEK 20 million.  Peab also signs a multi-year co-operation agreement with Cramo concerning rental machines in Finland.

For further information, please contact:

K-G Karlsson, division manager Peab +46 733 848589

Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 17.05 am on 28 October 2010.

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

Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.