NCC initiates a strategic review of NCC Industry business area

NCC initiates a strategic review of NCC Industry business area. The review will evaluate various strategic options, including a possible divestment. The purpose is to review the best way to develop the business area going forward and to increase shareholder value in NCC.

NCC Industry focuses on the production of aggregates, asphalt and asphalt paving. The business accounts for approximately 20 percent of NCC's sales.

“We believe that the businesses probably could develop even better independently of each other, as NCC would become more focused and specialized in contracting. The aim of the review is to investigate ways to increase shareholder value. NCC Industry has a leading market position and has developed very strong the past years,” says Tomas Carlsson, President and CEO of NCC.

“NCC Industry is in an exciting phase with many opportunities for the future. We have significantly increased profitability by focusing on operational discipline and a clear customer focus. As a leading company in the Nordics, we have for example taken a prominent position in asphalt with a lower carbon footprint. We are proud to be part of NCC but welcome the strategic review as an exciting opportunity to further develop our operations,“ says Grete Aspelund, Head of NCC Industry.

SEB Corporate Finance has been retained as financial advisor.