Merging of Nordform and S: t Eriks

Merging of Nordform and S: t Eriks 

Nordform and S:t Eriks have now merged their operations to form one of Sweden's
leading companies in paving stone, roofing, drainage and water supply system.
Together, the two companies during 2008 had a total turnover exceeding SEK 900
million; whereof S:t Eriks had SEK 436 million. The new company will
approximately have 400 employees, whereof 180 come from S:t Eriks. 

Nordform is a wholly owned subsidiary of Segulah III, LP and S: t Eriks is a
subsidiary of Peab Group. 

The new company will operate under the name S: t Eriks and it will be owned by
Segulah to 55 percent and Peab to 45 percent. The headquarters will be in
Staffanstorp and sales and marketing function in Uppsala. 

  - By bringing S t Eriks and Nordform together, we create the best possible
conditions for strengthening our position in the market and to develop the
company, "said Mats O Paulsson, CEO of Peab Industri. 

The transaction has been approved by competition authorities in Sweden, Norway
and Finland. Customary negotiations with the Unions have been completed..

The transaction means that Peab net debt will be reduced by approximately SEK
200 million.



For additional information, please contact:
Mats O Paulsson, CEO Peab Industri +46 733 371005
Gösta Sjöström, CIO Peab  +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. 
The information was submitted for publication at 11 a.m. on 31 March 2009. 

Previous press releases from Peab are available at www.peab.com


Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 35 billion and approximately
15,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.