Veidekke acquires ProsjekteringsPartner

Veidekke acquires ProsjekteringsPartner

ID: 129468

(Thomson Reuters ONE) -


Veidekke Entreprenør AS has entered into an agreement to acquire all shares in
ProsjekteringsPartner AS in Oslo. ProsjekteringsPartner employs six engineers
and civil engineers, all with sound backgrounds from contracting and with
special expertise in project and construction management.

"We are very satisfied on completing this acquisition. ProsjekteringsPartner
will remain a separate unit, but will provide us with added capacity and
knowledge that we in turn may offer our clients, particularly during the
development phase of projects," says Hans Olav Sørlie, District Manager of
Veidekke Entreprenør Oslo.

"ProsjekteringsPartner has developed well since starting up in 2007. In order to
develop the company further, we wanted to find a long-term owner with a similar
corporate culture, work form and market understanding, and we have found this in
Veidekke," says Richard Kruse, Managing Director of ProsjekteringsPartner.

"Veidekke has a turnover of more than NOK 1.5 billion in the building market in
Oslo, and has ambitions for further growth in upcoming years. Negotiated turnkey
contracts are the most important market area, and currently constitute 70-80% of
all contracts. The acquisition of ProsjekteringsPartner is an important
strategic move that will further strengthen us in our market," Sørlie concludes.



For more information please contact:
Hans Olav Sørlie, District Manager of Veidekke Entreprenør Oslo, tel.
+47 917 44 923, hans-olav.sorlie(at)veidekke.no
Richard Kruse, Managing Director of ProsjekteringsPartner, tel. +47 957 77 435,
richard(at)prosjekteringspartner.no
Helge Dieset, Communications Manager of Veidekke ASA, tel. +47 21 05 77 91 /
+47 90 55 33 22, helge.dieset(at)veidekke.no


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
employeeinvolvement. 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.



Sorlie to the left and Kruse:
http://hugin.info/172/R/1597161/503612.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#1597161]


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Bereitgestellt von Benutzer: hugin
Datum: 28.03.2012 - 15:38 Uhr
Sprache: Deutsch
News-ID 129468
Anzahl Zeichen: 3537

contact information:
Town:

Oslo



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Business News



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