Veidekke

M&A Activity • Dec 13, 2023

Veidekke: To continue district heating construction in Denmark

Veidekke: To continue district heating construction in Denmark

Veidekke's Danish subsidiary Hoffmann AS has signed a new agreement for the

development and efficiency improvement of Gladsaxe Municipality's district

heating network. The contract with Gentofte/Gladsaxe Fjernvarme has a value of

approx. DKK 300 million.

The project in Gladsaxe, outside Copenhagen, will provide new groups of

residents and businesses with a more reliable and energy-efficient district

heating supply, which meets environmental requirements and reduces CO\2\

emissions. Work on the project will start in early 2024, with expected

completion in 2027.

The new agreement marks a continuous decade of collaboration between

Gentofte/Gladsaxe Fjernvarme and Hoffmann AS:

"The agreement is the result of successful collaboration over several years. We

are extremely proud to have once again been chosen by Gentofte/Gladsaxe

Fjernvarme to carry out their expansion and efficiency improvement of the

district heating network," says Kasim Hwaiz, department manager at Hoffmann AS.

The contract includes construction of 16,500 metres of main line and 36,000

metres of secondary line to over 1,300 customers. During the contract period,

Hoffmann will also maintain contact with road authorities, affected customers,

the police and other relevant authorities, as well as carry out static

calculations of pipes.

The contract is included in the order book for Q4 2023.

For more information, contact:

Jørgen Wiese Porsmyr, Group CFO Veidekke, ph. +47 907 59 058

Veidekk press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 39 billion, and half of its 8,000 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit

every year since its inception in 1936.