Veidekke has successfully finalized the acquisition of 100% of the shares in Constructa Entreprenør, integrating the organization into its Veidekke Bygg division. This strategic transaction represents a significant territorial densification in the Bergen market, one of the most attractive and competitive construction hubs in Norway. The strategic rationale for the move centers on the high degree of technical and cultural complementarity between the two organizations, particularly regarding their shared commitment to maintaining a robust workforce of permanently employed skilled workers. By incorporating the target’s specialized execution capabilities and localized market depth, the group significantly expands its service offering and project pipeline in Western Norway. The partnership is designed to leverage the group’s pan-Scandinavian resources and digital procurement scale to optimize the target’s operational efficiency while preserving its regional reputation for execution quality. This integration facilitates the consolidation of a massive technical talent pool, creating a combined regional unit with a substantially higher execution capacity. This move reinforces the group’s standing as a primary technical enabler for large-scale urban development, ensuring long-term technical durability and operational caliber within the regional building sector.

CONSTRUCTA ENTREPRENØR, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGINcurrently observed in the Construction & Real Estate sector.

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