LEMMINKÄINEN CORPORATION PRESS RELEASE 4 SEPTEMBER 2012 AT 11.15 A.M
LEMMINKÄINEN STRENGTHENS ITS EARTHWORKS BUSINESS IN KYMEENLAAKSO
Lemminkäinen has acquired 100% of the shares of Maanrakennus Helander Oy located in Loviisa. The parties have decided not to disclose the transaction price.
Founded in 1980, Maanrakennus Helander Oy has carried out earthworks in Eastern Helsinki Uusimaa and Kymenlaakso regions. The company has a strong position particularly in the Loviisa region. The ten employees of the company will be added to Lemminkäinen's payroll under unchanged terms.
"We strengthen our presence in the market areas of Eastern Helsinki Uusimaa and Kymenlaakso regions through this deal," Juhani Innanen, Director at Lemminkäinen comments.
Director, Juhani Innanen
Infrastructure Construction business segment
Tel. +358 2071 53537
Media in Helsinki Uusimaa and Kymenlaakso regions
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly a third. The Group employs 8,400 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com