“The divestment has been a part of our plan for enhanced profitability in the business area since last year. Asphalt Finland has a better strategic fit with its new owner that can provide the business and our employees with more opportunities”, says Ylva Lagesson, Head of NCC Industry.
“The acquisition of NCC’s asphalt business in Finland gives us an excellent opportunity to implement our previously made strategy with the help of equipment and professional people transferring from NCC to us”, says Antti Kalliomaa, CEO Asfalttikallio.
NCC announced the intention to exit the Finnish asphalt business in November 2020. The unit is small and lacks strategic fit with the rest of NCC in Finland. Asfalttikallio is acquiring the assets and take over staff and ongoing contracts relating to the asphalt business. The stone materials business is not part of the transaction. The transaction is not expected to require approval from the Finnish competition authorities. Closing is expected at year-end 2021.
NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2020, NCC had sales of SEK 54 bn and 14,500 employees. The NCC shares are listed on Nasdaq Stockholm.
Back to transactions