Agreement between BWG Homes ASA and Mestergruppen AS
(Thomson Reuters ONE) - BWG Homes and Mesterguppen AS has entered into an agreement underwhich the members of Mestergruppen obtain the right to sell housemodels from the module house portfolio of BWG Homes.These houses are produced as modules in the factories of BWG Homes inSweden. The houses will be sold by the members of Mestergruppen andbe branded as Mestergruppen products (private branding).- We believe strongly in these products. The agreement made with sucha professional and well renowned player as Mestergruppen and theirmembers confirms our view that there is demand in Norway for highlystandardised and cost effective housing models. For BWG Homes thisagreement is an important expansion of our sales and marketingpresence in Norway, and it will generate further business for theexisting production capacity of the BWG Homes operations in Sweden,comments Lars Nilsen, the CEO of BWG Homes ASA.- This is a very important agreement for Mestergruppen. Our ownhousing concepts Mesterhus and Systemhus are tailor-made productswith high quality. Our chain members will now get access to a morefinished product, not forsaking the high quality that we are so wellknown for. We know that there is a demand in the market foraffordable homes with high quality, short production time and lowenergy consumption. These houses will in particular be attractive forthe first time buyers and all those concerned about saving money onenergy, says Lars ÿberg, the chairman of the board of directors inMestergruppen AS.About Mestergruppen ASMestergruppen AS is one of Norway's largest players in the buildingand construction industry, covering the business areas Chainoperation Housing production (Mesterhus and Systemhus), Chainoperation Building materials (Byggeriet), building materials shops,projecting competence and land development. Mesterhus and Systemhushave 151 and 65 members (local companies) respectively all overNorway. Byggeriet has 100 shops.Mestergruppen generated revenues in excess of NOK 2 billion in 2008,while total sales for all members and associated companies amountedto NOK 6 billion. Mestergruppen AS' head office is located at Bryn inOslo.About BWG HomesBWG Homes develops, sells and constructs residential homes in theNordic region. The brands owned by the group are Block Watne andHetlandhus in Norway, Myresjöhus and SmålandsVillan in Sweden. BWGHomes sells and constructs homes through own residential projects andfor individual customers. Ranked as a leading residential housebuilder in its markets, the group annually completes more than 2 000new homes. BWG Homes has 830 employees and revenues in 2008 totalledNOK 3.2 billion. BWG Homes ASA is listed at Oslo Stock Exchange.Further information from:CEO Morten Bjerke, Mestergruppen AS, tel: +47 994 07 926CEO Lars Nilsen, BWG Homes ASA, tel: +47 23 24 60 00This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.08.2009 - 09:48 Uhr
Sprache: Deutsch
News-ID 5102
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