Installation services company Bravida has won the previously disclosed dispute regarding the New Stavanger University Hospital construction project in Norway, according to a press release.
According to the ruling from the Rogaland District Court, Stavanger University Hospital is ordered to pay Bravida approximately NOK 330 million excluding VAT. In addition, the company was awarded around NOK 150 million in interest and legal costs.
'We welcome the fact that this dispute has now reached a resolution and that our position regarding the project has been upheld', CEO Mattias Johansson commented.
Bravida Holding AB is a Sweden-based supplier of technical installation and services to buildings and structures. The Company offers expertise and integrated solutions in three technology areas, namely electricity, plumbing, and heating, ventilation, and air conditioning (HVAC). Its offer ranges from consulting and design to installation and servicing, and is divided into two main areas: installation of technical systems in buildings and facilities, and service and maintenance of completed installations. The Company also provides property management, security alarms and access control solutions, among others. It is active in five geographical divisions, namely North, Stockholm, South, Norway and Denmark.
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