Veidekke ASA (GB:0GF6) has released an update.
Veidekke ASA has fortified its presence in northern Sweden’s lucrative mining sector by acquiring Euromining, a heavy-equipment contractor with robust operations and a strong financial track record. The acquisition, valued at approximately SEK 500 million on a debt-free basis, aligns with Veidekke’s strategic growth plans and is anticipated to capitalize on the region’s expected growth. With the transaction set to conclude following regulatory approvals in Q3 2024, Veidekke aims to leverage Euromining’s 200 employees and significant customer relationships, including its largest with LKAB, to enhance its infrastructure and mining project capabilities.
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