Veidekke

Veidekke ASA: To build new head office for SKF

Veidekke's subsidiary Billström Riemer Andersson Bygg AB has signed a contract

to build SKF's new head office in Gothenburg, Sweden.

The new head office will be located in SKF's central warehouse in the

Gamlestaden area of Gothenburg, thus remaining within SKF's "cradle". Adapting

the company's old central warehouse building to SKF's current needs and ways of

working will involve extensive reconstruction of approx. 16,000 square metres.

"We have considered various alternatives but reusing and rebuilding the former

central warehouse is clearly the most advantageous, as we will be utilising

currently vacant premises, creating new conditions for work across business

boundaries and stimulating efficient collaboration and communication. In

addition, the building will become more area and energy efficient," says

Christian Johansson, CFO and SVP of SKF.

A sustainable work environment with LEED Gold

The building will provide bright and open spaces for meetings, collaboration and

project activities, as well as places to work individually without disruptions.

The reconstruction will be completed in accordance with the LEED level Gold

sustainability classification, with solutions that reduce energy consumption and

aim to increase the well-being of people working in or visiting the building.

SKF's new head office will be ready for occupancy in the summer of 2020.

The SKF Group, based in Gothenburg, Sweden, is a leading global supplier of

products, solutions and services within bearings, seals, mechatronics,

lubrication systems and services. The company has approx. 45,000 employees.

Billström Riemer Andersson AB is a Veidekke ASA subsidiary based in Gothenburg,

Sweden, with annual revenues of SEK 1.5 billion and 250 employees.

For press photos, see www.flickr.com/photos/veidekke, for more information,

contact:

Magnus Riemer, CEO Billström Riemer Andersson AB, tel +46 031-89 44 02;

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Its annual turnover is NOK 36 billion, and half of its 8,600

employees own shares in the company. Veidekke is listed on the Oslo Stock

Exchange and has always posted a profit since it was founded in 1936.

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