Veidekke: To complete acquisition of asphalt company in Northern Norway

27 Apr 2026 13:09 CEST

Veidekke will complete the acquisition of the asphalt contractor Nord Vei og
Asfalt AS in Troms County. The acquisition strengthens the position of
Veidekke's asphalting operations in a region where activity levels are expected
to remain strong in the coming years.

When the acquisition agreement was announced on 27 March 2026, it was subject to
approval from the Norwegian Competition Authority. Approval has now been
granted, and the transaction will be completed.

Nord Vei og Asfalt was established in 2022 and has 37 employees working in its
asphalt crews and at the asphalt plant in Storsteinnes in Balsfjord
municipality.

The company's revenue in 2025 amounted to NOK 236 million, with an operating
profit of NOK 38 million. In 2024, revenue was NOK 98 million, with an operating
profit of NOK 11 million.

Veidekke is acquiring 100% of the shares through a cash settlement. The agreed
purchase price corresponds to a company value of approximately NOK 60 million on
a debt-free basis. Veidekke is financing the cash consideration with existing
liquid assets.

For more information, contact:

Jørgen Wiese Porsmyr, EVP/CFO Veidekke ASA, +47?907 59 058
Helge Dieset, press contact Veidekke Norway, +47 905 53 322

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Its annual turnover is
approximately NOK 43 billion, and half of its 8,000 employees own shares in the
company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit
every year since its inception in 1936.

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