Peab and the KB Gruppen have decided to merge their operations in the companies K. Nordang and Christie & Opsahl, both of which operate in Western Norway.
The companies are active in new construction, renovation and concrete work. The merger is expected to lead to synergies as the companies complement each other in products and geographically. The combined net sales of the two companies are expected to amount to around NOK 1.9 billion in 2025. In total, the two companies have 350 employees.
The new associated company will be owned 62.5 percent by the KB Gruppen and 37.5 percent by Peab. In the future Peab will recognize the company as an associated company.
Net sales in K. Nordang AS are expected to be approximately NOK 800 million in 2025. K. Nordang AS will be sold into the associated company at market price and this is expected to have an effect on operating profit in the first quarter of 2026 of approximately NOK 100 million.
The transaction is subject to approval from competition authorities and closing is expected to take place in the first quarter 2026.
For further information, please contact:
Peab’s Press Office: pressjour@peab.se or +46 10 456 86 00
Juha Hartomaa, Head of Investor Relations Peab, + 46 72 533 31 45
