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Peab has established its own subsidiaries in Norway and Finland, one important reason being that the Nordic construction market is undergoing a process of integration, largely as a result of Swedish, Norwegian and Finnish companies setting up in neighbouring countries. Examples would be various store chains such as Elgiganten, K-Rauta and Mekonomen. We have built for Norwegian Steen & Ström in Norway and followed up with the company when it wished to set up business in Sweden. We believe this state of affairs will continue.
The housing market in the respective countries is more local but certain experience and knowledge can be transferred from one country to another, even if various regulations hinder more extensive integration of the actual production process.
Yet another important reason for acting in the Nordic market is because of the special skills required for implementing large complex projects. For example large bridges which require a larger market in order for resources to be exploited rationally.
The Peab group
Net sales divided by market
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2006 |
2005 |
 |
Sweden |
86% |
86% |
 |
Norway |
8% |
7% |
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Finland |
6% |
7% |
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SE-260 92 Förslöv, Sweden