NCC acquires Lithuanian construction company

NCC acquires Lithuanian construction company

NCC Construction Finland has entered into an agreement concerning the
acquisition of Siauliu Titanas UAB, a Lithuanian construction company. Siauliu
Titanas has approximately 200 employees and reported sales of EUR 13.8 million
(approx. SEK 130 million) in 2006.

Siauliu Titanas is active throughout Lithuania in the construction of both
residential and commercial properties and also holds development rights
corresponding to 325 homes. The seller is the company's principal owner and
president, Stanislovas Valius, who will continue to serve as president of the
company. 

As a result of the acquisition, NCC strengthens its position in the Baltic
countries, which has become an increasingly important market for NCC. During
recent years, NCC has gradually increased its presence in the Baltic countries
and construction commenced on slightly more than 400 proprietary housing units
in 2006. Since 2003, NCC has had a subsidiary in Lithuania, NCC Pletra, for the
development of housing. This company has annual sales of approximately EUR 0.5
million (approx. SEK 5 million). 

“We believe in continuing robust growth in the Baltic countries, primarily
within residential construction. The acquisition of Siauliu Titanas will
increase our opportunities to compete in Lithuania, since our existing
operations will now been given increased resources,” says Timo U. Korhonen,
President of NCC Construction Finland.



If you have any questions, please contact:
Annica Gerentz, Senior Vice President Corporate Communications NCC AB, 
+46 8 5855 22 04 


All of NCC's press releases are available on www.ncc.info

NCC is one of the leading construction and property development companies in the
Nordic region. NCC had in 2006 sales of SEK 56 billion, with 22,000 employees.