VEIDEKKE ASA Veidekke has signed a letter of intent to purchase all of the shares in contractor Haugerud Vikeby AS in Mysen. "We want to take a larger share of the local and regional building market south ofOslo ," says district managerKetil Gunde Andersen ofVeidekke . "Veidekke currently has a very competent building department in Øst AS with headquarters in Halden and a branch in Spydeberg. We have been looking at the right opportunity to strengthen our position and are therefore pleased that we have joined forces with a solid contractor with its own skilled workers and a similar corporate culture as ours," saysVeidekke's district managerKetil Gunde Andersen . The building and construction market in Østfold and Akershus south is attractive, not least due to the new railway and E18 motorway that reduces travel time toOslo significantly. With the building businesses Øst AS in Halden and Haugerud Vikeby in Mysen,Veidekke will have a good starting point for greater implementation capacity, competence and competitiveness in the region. "We want to become a part of a larger contractor in order to evolve further, and we have hadVeidekke at the top of our list. Now we can take with us both our values and corporate culture into a group with large muscles, and I'm looking forward to becoming part of the team inVeidekke along with our craftsmen and officials," says general manager Jørn Haugerud of Haugerud Vikeby. Haugerud Vikeby AS is a building contractor in Mysen with long traditions. They carry out large and medium-sized projects such as commercial buildings and housing for both public and private clients, primarily in central Østfold. Carpentry, masonry and concrete works are carried out with own employees, additionally with tyhe use of local subcontractors. The company has 36 employees, and revenues totalled just overNOK 200 million in 2022 with a profit margin in recent years of around 4%. Now due diligence will be carried out and that the transaction has to be approved by the competition authorities. The goal is that the final purchase agreement can be signed inApril 2023 . For further information, please contact: District managerKetil Gunde Andersen , tel. +47 90 79 15 60, Ketil.Gunde.Andersen@veidekke.no CFO JørgenWiese Porsmyr , tel. +47?907 59 058, jorgen.wiese-porsmyr@veidekke.no Communications ManagerHelge Dieset , tel. +47 90 55 33 22, helge.dieset@veidekke.no General manager Jørn Haugerud of Haugerud Vikeby, tel.+47 95 83 80 09, jorn@haugeud-vikeby.noVeidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028 -Pressebilder-Veidekke/) Subscribe to messages from Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)Veidekke is one of Scandinavia's largest construction companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates.Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximatelyNOK 38 billion , and half of its 7,800 employees own shares in the company.Veidekke is listed on theOslo Stock Exchange and has posted a profit every year since its inception in 1936.
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