Peab company
Frøseth has operations in paving, mineral aggregates, transportation and recycling. In 2020 the acquired business had net sales of around
"We continue to strengthen business area Industry's offer and local presence in
The operations will become part of business area Industry which delivers products and services to construction and civil engineering projects.
Arid Frøseth, owner of 50 percent of the company, will continue as MD after the acquisition. The company has been active in the industry since 1989 and is domiciled in Verdal.
The transaction is conditional on approval from competition authorities. Takeover is expected to occur during the second half of 2021.
For further information, please contact:
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
Peab is the Nordic Community Builder with 16,000 employees and net sales of
https://news.cision.com/peab/r/peab-acquires-froseth-as-in-trondelag,c3358698
https://mb.cision.com/Main/424/3358698/1426222.pdf
https://news.cision.com/peab/i/froseth,c2920092
https://news.cision.com/peab/i/karl-gunnar-karlsson,c2920209
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