2012-09-28 11:40:07 -
Veidekke Entreprenør is buying 81 per cent of the shares in Hammerfest
Entreprenør AS in Finnmark. Hammerfest Entreprenør has 27 employees and an
annual turnover of approx. NOK 80 million. "This acquisition will strengthen our
position in the far north," says Nils Hæstad, Veidekke's Regional Manager.
Hammerfest Entreprenør has 27 employees: 5 administrative staff and 22
craftsmen. The company carries out building and construction jobs in and around
Hammerfest, and has achieved solid economical results. The company's main market
is commercial buildings, public service buildings and small construction jobs.
The company was founded in 2004 by Managing Director Rolf Johnny Nilsen in
collaboration with a number of local business partners.
"With its strong local position, Hammerfest Entreprenør is a solid strategic
partner in a growing market. Veidekke's highly mobile capacity and
project development and management, combined with Hammerfest Entreprenør's good
local relations, will make us a powerful provider of construction projects
linked to the land-based activities in the oil industry and infrastructure
projects in the area, in addition to the local building and construction
market," says Veidekke's Regional Manager Nils Hæstad.
"As the owners of Hammerfest Entreprenør, we wanted to join forces with a new
partner and co-owner that could help us further develop the company. The merger
with Veidekke Entreprenør will strengthen the company's prospects for
development, not least because we will have access to Veidekke's resources and
expertise in project management and project development," says Rolf Johnny
Nilsen, who will continue as Managing Director and a shareholder in Hammerfest
Takeover will occur as soon as the Norwegian Competition Authority has approved
For more information please contact:
Nils Hæstad, Regional Manager at Veidekke, tel. +47 21 05 75 94 /
+47 97 68 97 91, email@example.com
Terje R. Venold, CEO of Veidekke, tel. +47 21 05 77 01 / +47 905 82 323,
Rolf Johnny Nilsen, Managing Director of Hammerfest Entreprenør, tel.
+47 99 53 73 13 / +47 78 42 91 33, firstname.lastname@example.org
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 18 billion (2011). Activities include building and construction
projects, residential developments, asphalt plants, gravel and aggregates, and
road maintenance. Our values are professional, honest, enthusiastic and
pioneering. Our goals for health, safety and the environment, HSE, have equal
status with our financial goals. Veidekke is characterized by a decentralized
organizational model with a strong corporate culture and a high degree of
employee involvement. Over half the employees are co-owners, holding slightly
more than 20% of Veidekke's shares between them. The company is listed on the
Oslo Stock Exchange and has never declared a loss since it was founded in 1936.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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other applicable laws; and
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originality of the information contained therein.
Source: Veidekke ASA via Thomson Reuters ONE