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Regulatory press release

Construction notice to proceed in Latvia (defence campus of DCC)

Merko Ehitus

On 31 March 2026, Defence Construction Canada (DCC) has issued notice to proceed for construction works pursuant to the design-and-build contract between DCC and PS MB.MEE, part of AS Merko Ehitus group. The contract entails construction of defence campus with permanent accommodations buildings and real-life support area infrastructure in two locations in Latvia.

The contract value is approximately EUR 30 million, plus value added tax. Construction works are scheduled to be completed in Q3 2027.

PS MB.MEE is a joint venture established by SIA Merko Būve as a managing partner and AS Merko Ehitus Eesti, both fully owned subsidiaries of AS Merko Ehitus group.
SIA Merko Būve is a Latvian construction company, which offers construction services in the fields of general construction, civil engineering and residential construction.

Additional information: SIA Merko Būve, member of the Management Board Mr. Jānis Zilgme, phone: +371 2806 1061.

Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee

AS Merko Ehitus (group.merko.ee) group companies construct buildings and infrastructure and develop real estate. We create a better living environment and build the future. We operate in Estonia, Latvia and Lithuania. As at the end of 2025, the group employed 613 people, and the group’s revenue for 2025 was EUR 311 million.