NCC divests trenchless pipe installation operations to No Dig Alliance
NCC is selling NoDig, the company’s Swedish and Norwegian trenchless pipe installation operations, to No Dig Alliance. The transaction is expected to be completed in the third quarter of 2022.
NCC’s decision to sell NCC NoDig, a trenchless pipe installation solution, is based on it having few synergies with other parts of NCC and the fact that its differs from NCC Infrastructure’s other project activities. The buyer is No Dig Alliance, which conducts trenchless pipe installation operations in Sweden, Norway and Finland.
“With its strong customer base and sector-leading expertise, NCC NoDig will have every opportunity for further development by No Dig Alliance,” says Kenneth Nilsson, Head of NCC Infrastructure.
NCC NoDig has a number of frame work agreements and is specialized in trenchless pipe installation. NCC NoDig is based in Jönköping, Arlöv and Stockholm in Sweden, and in Oslo in Norway. The operations have approximately 90 employees.
“NCC NoDig has first-rate operations in both Norway and Sweden, and is also a perfect fit for No Dig Alliance. The acquisition of NCC NoDig strengthens our expertise, broadens our market and enables us to become more resource efficient,” says Patrik Larsson, CEO of No Dig Alliance.
Financial close of the transaction is expected to have a small positive effect on earnings and cash flow in the NCC Infrastructure business area. The transaction is subject to customary notification to the Swedish Competition Authority and is expected to be completed in the third quarter of 2022.
For further information, please contact:
Kenneth Nilsson, Head of NCC Infrastructure business area, email@example.com
Amelie Winberg, Manager Media Relations, NCC, +46 70 221 13 72, firstname.lastname@example.org
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About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to a positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2021, NCC had sales of SEK 53 bn and 13,000 employees. The NCC shares are listed on Nasdaq Stockholm.