Lemminkäinen buys The City of Tampere's asphalt paving business
LEMMINKÄINEN CORPORATION INVESTOR NEWS 4 SEPTEMBER 2012 AT 5 P.M
LEMMINKÄINEN BUYS THE CITY OF TAMPERE'S ASPHALT PAVING BUSINESS
The City Board of Tampere has decided to sell the city's asphalt paving business to Lemminkäinen. The transaction will be carried out as transfer of business. The agreement includes also a contract for the procurement of asphalt paving. The transaction is planned to take place in the beginning of 2013. The contract price for asphalt paving business is 2.3 million euros.
According to the agreement, Lemminkäinen will be responsible of the city's paving contracts during 2013-2015. It also includes an option for years 2016-2017. As a result of the transaction, seven employees will be added to Lemminkäinen's payroll.
"The contract strengthens our position in the Pirkanmaa region", says Harri Kailasalo, Executive Vice President for Infrastructure Construction at Lemminkäinen.
Executive Vice President Harri Kailasalo
Infrastructure Construction business segment
Tel. +358 (0)2071 53394
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly a third. The Group employs 8,400 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com