NCC divests its Finnish asphalt business to the Finnish based company Asfalttikallio. As previously announced, this is a small unit within NCC that has been loss-making for several years and has a better strategic fit with another owner. The transaction is expected to have a negative impact of
NCC announced the intention to exit the Finnish asphalt business in
During the rest of 2021 the unit is expected to continue to be significantly loss-making. In addition to the one-time earnings impact in the fourth quarter, operational losses will continue to impact earnings in the business area up until closing. The parties have agreed not to disclose the transaction amount.
"The divestment has been a part of our plan for enhanced profitability in the business area since last year. Asphalt
The unit has a solid market share in
"The acquisition of NCC's asphalt business in
Asfalttikallio is acquiring the assets and take over staff and ongoing contracts relating to the asphalt business. The stone materials business is not part of the transaction. The transaction is not expected to require approval from the Finnish competition authorities. Closing is expected at year-end 2021.
NCC has a profitable and growing Construction and
For further information, please contact:
Tove Stål, Head of Group External Relations, +46 76 521 61 02
NCC's media line +46 (0)8 585 519 00, E-mail: press@ncc.se, NCC's Media bank
This is the type of information that
About Asfalttikallio. Asfalttikallio is a Finnish company founded in 2012. Asfalttikallio have rapidly grown their business and has become a strong player in the Finnish asphalt market.
About NCC NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2020, NCC had sales of
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