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JM — M&A Activity 2011
Jun 7, 2011
2932_rns_2011-06-07_ebbc834d-f090-4c2a-afb6-2428c1500078.pdf
M&A Activity
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JM Negotiates Acquisition in Oslo
JM isnegotiating with the ownersof ÖIEAS, Oslo, to acquire all shares in the company and a project portfolio for residential development of over 600 building rights. The business, with about 70 employees and a building rightsportfolio, ismainly located in northern Oslo.
The acquisition is subject to completion of due diligence and a local authority decision planned for June/July.
JM's growth strategy includes growth in Norway, particularly in the Oslo area.
More information will be provided in the final agreement.
For more information, please contact: Magnus Berg, head of JM Byggholt: +46 (0)18-66 03 69 Tomas Eriksson, press officer: +46 (0)8-782 86 61
JMis one of the leading developers of housing and residential areas in theNordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in theGreater Stockholmarea. JMshall promote long-termquality and environmental management in all its operations. Our annual sales total approximately SEK10 billion and the company has about 2,200 employees. JMABis a public limited company listed on theNASDAQOMXStockholm, MidCap segment.