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| NCC to acquire construction operations in Norway NCC Construction in Norway has entered into an agreement to acquire the Norwegian construction company OKK Entreprenör AS. OKK's core operations focus on the production of housing units and commercial properties. OKK operates in Oslo and in the Drammen region southwest of Oslo. OKK generates annual sales of approximately SEK 1 billion and has 350 employees. The acquisition of OKK is in line with NCC's growth strategy in Norway, which encompasses all business areas. NCC is already a powerful player in the Oslo region and aims to further strengthen this position. The acquisition of OKK will provide NCC with a stronger geographic base and create the necessary conditions for future growth in Oslo and Buskerud. The acquisition will also complement NCC's existing expertise in residential production, renovation and building services. The acquisition is contingent on the approval of the Norwegian competition authority and is subject to various conditions that must be fulfilled before the transaction can be completed. write your comments about the article :: © 2012 Construction News :: home page |