Peab gets road work in Norrland

Peab has been contracted to be responsible for operation and maintenance of roads within the operational areas of Sundsvall, Stromsund, Lycksele and Piteå, for three years. The customer is the Swedish Transport Administration and the total contract amounts to SEK 264 million.

The assignment includes responsibility for a total of 4500 kilometers road and the contract is an option which may be extended by up to three years.

-          “We are delighted that the Transport Administration has given us this confidence. It is a large area we will be responsible for and we are well equipped to carry out this mission in a good way”, says Tore Nilsson, head of Peab’s civil engineering.

For further information, contact:
Per Östlund, project manager Peab + 46 733 371953

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 11.00.a.m. 11 November 2011.

Peab is one of the leading construction and civil engineering companies in the Nordic countries with 15,000 employees and a net sale amounting to around SEK 40 billion. 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.