Veidekke ASA: To build passive house school south of Stockholm

Veidekke's subsidiary Arcona has been awarded the contract to build Glömsta school and sports hall in Flemingsberg in Huddinge municipality. The assignment is a collaboration project with a target price of SEK 215 million excluding VAT.

Glömsta school will be an elementary school for 720 pupils. The 9,400 m2 school will have a modern layout and a learning environment with no corridors that provides great flexibility. Arcona is also to build a sports hall in connection with the school. The school will meet the requirements towards passive houses and will be classified as a silver level Environmental Building. With ground heating and solar collectors, energy consumption will be a mere 25 kWh/m2 per year.

"We have chosen Arcona as our partner for this project as they have had vast experience with collaboration contracts from an early stage and were also able to present the best organization and best way to manage the project," says Johann Månsson, project manager with Huge Fastigheter AB.

Video/animation from the school:

For more information please contact:
Niklas Virving, business affairs manager of Lean Construction with Arcona, tel +46 8 601 21 71,
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22,

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 21 billion (2013) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.