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JM divests the construction operations in Norway

JM has signed an agreement regarding divestment of the external construction operations in Norway, JM Entreprenör AS, to Vicon a company within the Norwegian KB Group. Agreed enterprise value amounts to approximately 40 MSEK.
The agreement implies a realized profit of 15 MSEK to be recognized in the fourth quarter 2019 within the business segment JM Construction. The sale requires approval from the Norwegian competition authority. JM Entreprenör AS has had an average annual turnover of 550 MSEK over the past few years. JM Construction’s operations will onwards focus on civil engineering

Source: JM divests the construction operations in Norway

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