Veidekke acquires Ødegaard Olav Transport AS in Fredrikstad
Veidekke's subsidiary Veidekke Gjenvinning AS has agreed to acquire all shares in Ødegaard Olav Transport AS.
Ødegaard Transport is located in the Fredrikstad region and operations include the rental of containers and collection and transport of waste. The company has 14 employees and an annual turnover of approximately NOK 26 million.
"The acquisition of Ødegaard Transport is part of Veidekke Gjenvinning's expansion strategy and will enable us to become a total supplier in Østfold county," says Max Trandem, general manager of Veidekke Gjenvinning.
The sale is a consequence of the decision by owner and general manager Olav Ødegård to step down.
"To us it was important to find a buyer who could further develop the operations of Ødegaard Transport based on the present organization and local presence, and we are therefore very content that it is Veidekke who acquires Ødegaard Transport," says Ødegård.
The parties have agreed not to disclose the purchasing price.
Any questions may be directed to:
General manager Max Trandem, Veidekke Gjenvinning AS, telephone +47 911 67 610
VEIDEKKE ASA
Veidekke ASA is a leading Scandinavian contractor and property developer with 6,350 employees and an annual turnover of NOK 16.4 billion (2006). The Group is listed on the Oslo Stock Exchange and has a broad ownership structure where the employees own 15% of the shares. Operations span a wide range of construction and works assignments, the development of housing and commercial property for both private and public clients, asphalt operations and road maintenance and collection and recycling of waste.