Veidekke: Letter of intent to acquire aggregates business in Western Sweden

Veidekke has signed a letter of intent to acquire Ucklum Grus ab, an aggregates business located near Uddevalla. The transaction will further strengthen Veidekke's position in the Gothenburg region, where the group already holds a solid presence across construction, asphalt, and aggregates markets.

Ucklum Grus ab was established in 1994 and has nine employees. In 2025, the company generated revenues of SEK 45 million and an operating profit of SEK 13 million.

"We see attractive potential in Ucklum Grus' aggregates operations, which will complement and strengthen Veidekke's existing infrastructure business in the region," says Marcus C Nilsson, EVP at Veidekke.

Veidekke will acquire 100% of the shares in Ucklum Grus ab through a cash settlement. The agreed purchase price corresponds to an enterprise value of SEK 45 million on a debt-free basis. The consideration will be financed from Veidekke's existing liquidity. The current owners are divesting the company as part of a generational transition.

Closing is expected by the end of the third quarter of 2026. Completion is subject to satisfactory due diligence, execution of a final purchase agreement, and approval by competition authorities and other relevant public bodies.

For more information, contact: Jørgen Wiese Porsmyr, EVP/CFO Veidekke ASA, +47?907 59 058

Veidekk press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028 -Pressebilder-Veidekke/) Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner -pa-meldinger/)

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.