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Geveko (STO:GVKOB) The Norwegian authority of competition has approved the acquisition of the roadmarking operation of Mesta AS. Agreed day of taking possession is September 1, 2008.
The road marking business within Mesta, which is a contracting operation, had a turnover of approx. SKr 75 million in 2007.
The business will be integrated in the roadmarking operation in the Geveko subsidiary Cleanosol AS in Norway. The turnover of the Geveko roadmarking business in Norway amounted to approx SKr 130 million in 2007 including manufacture as well as contracting.
With the acquisiton of the Mesta roadmarking operation the turnover will exceed SKr 200 million annually.
" Norway is one of our domestic markets. With the integration of the Mesta road marking operation we will be able to increase co-operation between our nordic subsidiaries and thus improve both efficiency and customer value", says Hans Ljungkvist.
Göteborg, Sweden September 1, 2008 AB GEVEKO (plc)
For further information Mr Hans Ljungkvist, CEO and Managing Director Phone: +46 31 172945, Mobile: 0705 371110
Geveko is Europe's leading road marking company with a strong brand name on most markets in Europe. Products and services of the highest quality help to create safer conditions on the roads and consequently support Geveko's mission of being a serious player in improving road safety.
