Peab has agreed to acquire YIT’s paving- and mineral aggregates business in Finland, Norway, Denmark and Sweden. The acquired business has approx. 1,700 employees, and reported 2018 net sales of EUR 572 million. As a result of the acquisition, Peab will become the Nordic market leader within this business area.

The transaction is subject to regulatory approval, as well as customary completion terms. The transaction is expected to be completed on 1.1.2020.

Additional information:  Peab Press release