Today AF Gruppen has entered into an agreement with Betonmast AS to acquire 100%
of the shares of Betonmast Sverige AB. Betonmast Sverige AB is a holding company
for all of Betonmast's operating companies in Sweden. Currently, AF Gruppen has
an indirect stake in Betonmast Sweden of 64.94%. Betonmast Sweden had a turnover
of SEK 1,978 million in 2021.
Following this, AF Gruppen will gather its Swedish businesses in the Sweden
business area with the ambition to ensure the strongest possible foundation for
profitable growth.
The acquisition will be completed ultimo Q1 2022. The transaction will not
impact AF Gruppen's profit result. AF Gruppen will report in accordance with the
new structure starting from Q1 2022.
For further information:
Bård Frydenlund, EVP Sweden and Betonmast at AF Gruppen, tel.: +47 918 68 621
Sverre Hærem, CFO of AF Gruppen, tel.: 952 45 167