Veidekke ASA: Veidekke acquires Skedsmo Pukkverk AS
(Thomson Reuters ONE) -
Veidekke Industri is buying all shares in the company Skedsmo Pukkverk AS. "The
acquisition will strengthen our aggregate operations in central eastern Norway
and ensure us a good long-term position in a market area where we expect high
activity in the coming years. We also see good opportunities for interaction
with Veidekke's other operations in the region," said Executive Vice President
Jørgen Wiese Porsmyr of Veidekke.
Skedsmo Pukkverk has an annual turnover of NOK 35 million and 9 employees. The
company produces and sells aggregates to the construction industry in Romerike,
north of Oslo. The company itself owns the property where the aggregate plant
operates and has long-term residual extraction opportunities for aggregate. The
company was established in 1960 and has up to now been owned by the Utsigt
family.
Veidekke's quarry operations are a part of Veidekke Industri and have 30
production sites in Norway, with emphasis on eastern Norway. Operations comprise
the production and sale of aggregate and gravel, supplemented by the receipt of
construction masses. They are based on long-term extraction agreements, but at
some works Veidekke itself is the landowner. It is sought to further develop
these into residential or commercial properties when production is exhausted.
Overall, in 2012 the quarry operations had a turnover of NOK 391 million, profit
before tax of NOK 33 million and a profit margin of 8.4%.
The acquisition agreement is subject to approval by the Competition Authority,
and will be completed as as soon as this is provided.
For more information please contact:
Executive Vice President Jørgen Wiese Porsmyr, tel. +47 907 59 058
Managing Director of Veidekke Industri, Øyvind Moen, tel. +47 932 01 419
Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 20 billion (2012) and 6,300 employees. 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
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% 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.
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#1714302]
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2013 - 14:05 Uhr
Sprache: Deutsch
News-ID 275726
Anzahl Zeichen: 3473
contact information:
Town:
Oslo
Kategorie:
Business News
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