Per Aarsleff Holding — M&A Activity 2015

Oct 12, 2015

Copenhagen, 2015-10-12 09:34 CEST (GLOBE NEWSWIRE) -- Per Aarsleff A/S has
entered into an agreement to acquire all the shares in the building and
construction company Hansson & Knudsen A/S in Odense. The acquisition includes
Hanson & Knudsen A/S with the subsidiaries Håndværkergården A/S in Odense,
PH-Byg Faaborg A/S and Johan C. Nielsen A/S in Sønderborg.

Hansson & Knudsen carries out new construction, renovation and building
maintenance primarily on Funen, in the Triangle Region and in Southern Jutland.
Hansson & Knudsen is a growing company and had annual revenue of DKK 742
million in 2014 and engaged 419 employees.Profit before tax was DKK 32 million.
Through recent years, Hansson & Knudsen has experienced an increasing level of
activity within housing renovation with large contracts in Odense, Fredericia,
Aarhus, Aabenraa and Korsør.

General manager Povl Christensen will continue in the new ownership structure
together with the rest of the management. The intention is that Hansson &
Knudsen will continue its activities from its own address, and that the
company’s specialist skills within construction are to develop further as a
company in the Aarsleff Group.

Aarsleff already has building-related activities on Sealand and works with
nationwide building installations through the subsidiary Wicotec Kirkebjerg
A/S.

General manager Povl Christensen says: ”We are pleased to become part of the
Aarsleff Group and embrace the opportunities that emerge for maintaining and
continuing the positive development that Hansson & Knudsen has experienced in
recent years. The management of the company has a very positive approach to the
new ownership structure".

The acquisition is subject to the approval of the competition authorities.

Further information:

General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222.

General Manager Povl Christensen, Hansson & Knudsen A/S, tel. +45 2969 7400.