Veidekke acquires Swedish construction company Brinkab AB
(Thomson Reuters ONE) -
As a stage in the Veidekke group's focus on the Swedish market, Veidekke
Entreprenad AB has acquired the company Brinkab AB, which operates primarily
along the Norrland coast to the Stockholm area and in Kiruna.
Brinkab AB, which was established in 1997, is a well-established company in the
construction sector with activities that primarily comprise new construction,
renovation, remodelling and extensions and service for industry. The company's
annual turnover is approx. SEK 140 million and it has 130 employees.
"The acquisition of Brinkab strengthens our construction activities and is
perfectly aligned with our strategy related to growth and expansion in
prioritized areas," says Per-Ingemar Persson, CEO for Veidekke Sverige AB.
"Veidekke wanted to strengthen its heavy construction expertise and capacity
towards industry. We achieve this through the acquisition of Brinkab and enter
the private construction market. This creates new opportunities for Veidekke's
construction activities," says Erik Alteryd, Managing Director of Veidekke
Entreprenad AB.
"As owners of Brinkab we saw the potential for development in the company and
were therefore looking for new owners who had the opportunity to further develop
the company. We wanted a strong owner with resources, and we believe that
Veidekke is the right company," says Urban Brink, Managing Director of Brinkab.
The takeover is effective from 17 April 2012, and operations will continue as a
subsidiary Veidekke Entreprenad AB, while retaining its original name.
Veidekke was established in Sweden in 1998. In 2011, the company's turnover was
4.2 billion SEK. The acquisition of Brinkab is a further stage in growth in
Sweden.
For more information, please contact:
Erik Alteryd, Managing Director of Veidekke Entreprenad AB, tel.+46 8 635 61 50
Urban Brink, Managing Director of Brinkab AB, tel.+46 70 216 68 72
Jørgen W. Porsmyr, CFO, Veidekke ASA, tel. +47 21 05 76 44 / +47 90 75 90 58
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 18 billion (2011). Activities include building and construction
projects, residential developments, asphalt plants, gravel and aggregates and
road maintenance. Our values are professional, honest, enthusiastic and
pioneering. Our goals for health, safety and the environment, HSE, have equal
status with our financial goals. Veidekke is characterized by a decentralized
organizational model with a strong corporate culture and a high degree of
employee involvement. Over half the employees are co-owners, holding 20% of
Veidekke's shares between them. The company is listed on the Oslo Stock Exchange
and has never declared a loss 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.
Facts - Brinkab:
http://hugin.info/172/R/1603533/506993.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1603533]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2012 - 05:01 Uhr
Sprache: Deutsch
News-ID 1104211
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Oslo
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 67 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Veidekke acquires Swedish construction company Brinkab AB
"
steht unter der journalistisch-redaktionellen Verantwortung von
Veidekke ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
