Saferoad Holding ASA: The approval from the Swedish Competition Authority on the divestment of the Water & Sewage business is still pending.
Oslo, 2 August 2017: In a press release on the 22 June 2017, Saferoad Holding
ASA announced an agreement to divest its Water & Sewage business in Sweden to
Ahlsell AB. It was also communicated that the transaction was subject to
approval by the Swedish Competition Authority and that closing was planned to
Today, the Swedish Competition Authority announced that it will initiate further
investigations to assess the transaction before reaching a conclusion, which
will be announced within three months from today.
For more information, please contact:
Morten Holum, CEO
+47 99 50 99 30
Saferoad is a leading supplier of road safety and road infrastructure solutions
in Northern, Central and Eastern Europe. The Group's core business comprises
design, manufacturing, sales and installation of a wide range of products and
solutions that improve the standard of road safety and road infrastructure.
Saferoad plays an important role in various stages of new road construction
projects as well as within maintenance and upgrades of existing roads. Typical
product areas include road restraint systems, signs, light poles, road marking
and work zone protection within road safety, and soil steel bridges, pipes and
culverts and geosynthetics within road infrastructure.
Saferoad is headquartered in Oslo, Norway and employs approximately 2,700
employees across 20 countries in Europe.