NCC to acquire Destia's asphalt surfacing business - strengthens its
position in Finland
NCC has signed an agreement concerning the acquisition of the asphalt
surfacing business of the Finnish company Destia. The acquisition
includes Destia's asphalt manufacturing and paving operations, primarily
in the infrastructure segment, and the company's existing order backlog
and workforce. The transaction is subject to the approval of the Finnish
Competition Authority, FCA, and is expected to be completed during the
first half of 2011.
Destia is a Finnish infrastructure and construction service company,
wholly state-owned, which operates in Finland, northern Norway and
northern Sweden. The acquired operations generated sales of
approximately SEK 390 million in 2010 and have about 80 employees, who
will be transferred as existing employees. The existing order backlog
amounted to about SEK 765 million at year-end 2010.
“The acquisition is part of NCC's strategy to become a leading player in
the Finnish civil-engineering market. At the same time, we are
strengthening our current market position in asphalt and paving as the
second largest player in this area in Finland after the acquisition,”
says Göran Landgren, President of NCC Roads.
“The divestment allows Destia to concentrate on improving its core
business in line with the business strategy”, says Hannu Leinonen,
President and CEO of Destia.
NCC Roads is the NCC business area that is active in the production of
aggregates and asphalt, as well as asphalt paving and road services. In
the Nordic market, NCC Roads is the leading player in the sector, in
which Sweden is the single largest market. In 2010, NCC Roads generated
sales of SEK 10.7 billion and had about 4,000 employees.
For more information, please contact:
Göran Landgren, President of NCC Roads +46 (0)705 950 730
Magnus Jonsson, External Communication and Media Relations Manager, NCC
AB, +46 (0)8 585 522 46, +46 (0)70 817 8711