Peab acquires YIT’s Nordic paving and mineral aggregates business
Peab acquires YIT’s Nordic paving and mineral aggregates business. Through the acquisition Peab will expand its presence in Sweden, Norway and Finland and become established in the paving business in Denmark and this will give Peab a unique and market leading position in this business in the Nordic region. The deal will also increase the importance of industrial operations for the Group as well as reduce sensitivity to fluctuations in the business cycle.Peab consists of four cooperating business areas - Construction, Civil Engineering, Industry and Project Development. The business model