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Sun September 19 2021

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Peab buys Norwegian asphalt company

6 Jul 11 Peab has signed an agreement to acquire 65% of the shares in Oslo-based asphalt company Terje Hansen.

Terje Hansen has about 45 employees and had sales amounting to NOK 144m (£16.7m) during 2010.

“We consider Terje Hansen as a good addition to our Norwegian asphalt operation and the company has a very good reputation in the market,” said divisional manager K G Karlsson. “With two strategically positioned asphalt plants, it gives excellent opportunities for our development in the Oslo area.”

The acquisition is dependent on the approval of the Norwegian competition authorities.

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