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AF Gruppen M&A Activity 2015

Sep 8, 2015

3522_iss_2015-09-08_446cae78-c49a-4681-9230-d282b95b9441.html

M&A Activity

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AF Gruppen to build new helicopter base at Sola

AF Gruppen to build new helicopter base at Sola

The Norwegian Defence Estates Agency (NDEA) has

nominated AF Gruppen (AFG) as contractor for a new

helicopter base at Sola.

The contract includes building a new hangar and

administration building for the 330 Squadron at

Sola. The project also includes outdoor facilities

on landside and airside. Landside work primarily

comprises a new access road and parking areas, while

airside work includes three helicopter stands and a

new taxiway to the new fuel facility. Approximately

6 000 m2 gross area of new buildings will be

erected, in addition to around 15,000 m2 of outdoor

facilities.

The contract is a turnkey contract valued at NOK 107

million excluding VAT. Work commences in October,

and the construction period is expected to last for

1 year.

"This is an important and interesting contract for

our building unit in Rogaland. We are very pleased

that the NDEA has chosen AF as contractor for this

project," says Pål Egil Rønn, CEO of AF Gruppen.

For further information:

CEO: Pål Egil Rønn, tel. +47 90 95 77 13

EVP Building: Morten Grongstad, tel. +47 99 15 39 05