Peab acquires civil engineering company in Larvik
Peab has signed a contract to acquire 90.4 percent of the shares in Arne Olav Lund A/S (AOL) based in Larvik. This acquisition reinforces Peab’s civil engineering business in Norway.AOL was founded by Arne Olav Lund and has operated as a construction contractor in the civil engineering industry since 1957. The company is domiciled in Larvik and in 2021 had net sales of around NOK 315 million. AOL works throughout eastern Norway with production and improvement of roads, water and waste water as well as with groundwork and landscaping. “Our goal is to become a local community builder in