HENT, a leading Norwegian construction company focused on the construction of public and commercial real estate, has signed a contract for a large project in Oslo. HENT will build parts of new Livsvitenskapsbygget at Oslo University on commission for Statsbygg. The order value amounts to approximately NOK 1bn.

Statsbygg has commissioned HENT to build parts of future Livsvitenskapsbygget at Oslo University. The new faculty is a partnership project that covers about 66,700 square meters. The contract relates to the so-called partnership agreement and means that HENT, Statsbygg and other stakeholders will be included in the planning of the construction project.

“This is an important and demanding project that fits well based on our skills and capabilities. We are very proud and pleased that Statsbygg has chosen us as entrepreneurs for this particular project,” says Jan Jahren, CEO of HENT.

Ratos invested in HENT in 2013 with an ownership of 73%. HENT has approximately 870 employees and reported sales of NOK 7,034m and EBITA of NOK 253m in 2017.

For further information, please contact:

Mårten Bernow, Director Ratos, +46 72 241 97 42

Helene Gustafsson, Head of IR and Press Ratos, +46 70 868 40 50

Financial calendar from Ratos:
Interim report January-September 2018        25 October 2018
Year-end report 2018                                     15 February 2019

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to the long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/retail. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,300 employees.

Fresks continues to expand through the acquisition of XL-Bygg Mellerud, a building material store located in Mellerud, Västra Götaland. The previous owner, Benny Mattsson, will reinvest a significant part of the proceeds from the transaction in Fresks Group.

XL-BYGG Mellerud was founded in 2008 and has been run by Benny Mattsson and his son Thomas Mattsson since 2012. The business consists of the building store in Mellerud, which is located in Dalsland county in Västra Götaland. The store is a part of the XL-BYGG chain. Today, the company has 8 employees and a turnover of approximately SEK 30 million.

After the acquisition Fresks Group will have a total of 32 stores with pro forma revenues of approximately SEK 2 billion and more than 500 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 32 stores under various local brands whereof the majority is branded XL-BYGG. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se