NCC to acquire Destia’s asphalt surfacing business – strengthens its position in Finland

NCC has signed an agreement concerning the acquisition of the asphalt surfacing
business of the Finnish company Destia. The acquisition includes Destia’s asphalt
manufacturing and paving operations, primarily in the infrastructure segment,
and the company’s existing order backlog and workforce. The transaction is
subject to the approval of the Finnish Competition Authority, FCA, and is expected
to be completed during the first half of 2011.

Destia is a Finnish infrastructure and construction service company, wholly state-owned, which operates in Finland, northern Norway and northern Sweden. The acquired operations generated sales of approximately EUR 44 million in 2010 and have about 80 employees, who will be transferred as existing employees. The existing order backlog amounted to about EUR 80 million at year-end 2010.

- The acquisition is part of NCC’s strategy to become a leading player in the Finnish civil-engineering market. At the same time, we are strengthening our current market position in asphalt and paving as the second largest player in this area in Finland after the acquisition, says Göran Landgren, President of NCC Roads.

- The divestment allows Destia to concentrate on improving its core business in line with the business strategy, says Hannu Leinonen, President and CEO of Destia.

NCC Roads is the NCC business area that is active in the production of aggregates and asphalt, as well as asphalt paving and road services. In the Nordic market, NCC Roads is the leading player in the sector, in which Sweden is the single largest market. In 2010, NCC Roads generated sales of EUR 1.2 billion and had about 4,000 employees.