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Peab acquires asphalt company in Norway

Peab has signed an agreement to acquire 65 per cent of the shares in
Terje Hansen AS. The company conducts manufacturing and paving of
asphalt in the greater Oslo area. Terje Hansen has about 45 employees
and had sales amounting to NOK 144 million during 2010.
 
The acquisition is dependent on the approval of the Norwegian
Competition Authorities.
 
We consider Terje Hansen as a good addition to our Norwegian asphalt
operation and the company has a very good reputation in the market. With
two strategically positioned asphalt plants, it gives excellent
opportunities for our development in the Oslo area, says divisional
manager K G Karlsson in a statement.
 
 
For further information, contact:
K G Karlsson, division manager Peab +46 733 848589
 
Gösta Sjöström, CIO Peab +46733 371010
 
 
Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
 
The information was submitted for publication at 9.00 a.m. 5 July 2011.
 
Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)
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