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Geveko The Geveko subsidiary Cleanosol AS has signed an agreement with the Norwegian stateowned company Mesta AS concerning acquisition of their road marking operation. Agreed day of taking possession is July 1, 2008. The acquisition requires approval of the Norwegian Competition Authority.
Mesta AS is the largest civil engineering company in Norway with 2 900 employees and a turnover in 2007 of approx. SKr 7 000 million.
The road marking business within Mesta, is a contracting operation with a turnover of approx. SKr 75 million in 2007.
The road marking operation will be integrated in the Geveko subsidiary Cleanosol AS in Norway. Cleanosol AS is supplier of road marking contract services and manufactures road marking material. The turnover of Geveko in Norway amounted in 2007 to approx. SKr 130 million.
"With the acquisiton of the Mesta road marking operation we will strengthen our position on the domestic markets, which is of great strategic importance" says Managing Director Hans Ljungkvist.
Göteborg, Sweden June 10, 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.
