Nordhaven advised Stockholm Stock Exchange listed Skanska Group in the sale of its Finnish asphalt operations to Asfalttikallio

15 dec 2022

Nordhaven advised Skanska Group in its divestment of its Finnish asphalt operations to Asfalttikallio Oy. Skanska Group has signed an agreement with Asfalttikallio regarding the sale of all shares in Skanska Group's wholly owned subsidiary Skanska Industrial Solutions Oy. Skanska Industrial Solutions is a market leader in the asphalt and road marking business in Finland. It has 88 employees and annual sales of around 50 million euros. In its new home with Asfalttikallio, Skanska Industrial Solutions can, together with its professionals, be developed and strengthened even further.

Skanska Group is a Stockholm Stock Exchange listed construction and project development company with annual sales of around 15 billion euros. Nordhaven acted as an exclusive financial advisor for Skanska Group in planning and executing the divestment of Skanska Industrial Solutions.

"The sale of Skanska Industrial Solutions is the third corporate divesture Nordhaven has advised this year. We are thankful for the responsibility what was given to us by Skanska, and of course happy that SIS got an owner that will enable its business and professionals to shine and develop." says Ari Leppänen, a partner at Nordhaven.

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