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NCC to divest Bergnäset to REMONDIS

NCC
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NCC is divesting the scaffolding company Bergnäset Ställningsmontage to REMONDIS Maintenance & Services Sweden AB. The transaction is expected to have a positive impact on earnings in business area Infrastructure of around SEK 175 M at closing, which is expected to take place in the third quarter of 2023.

Bergnäset is a fully-owned subsidiary of NCC and one of Sweden's largest operators in construction scaffolding, with customers in the industrial, energy, and construction sectors. Bergnäset has some 280 employees, and the business focuses primarily on northern Sweden.

NCC has during the last few years worked on turning Bergnäset into a strong, competitive operator and one of the market leaders in its field. The operation is now being divested to REMONDIS Maintenance & Services Sweden AB, part of REMONDIS Group, one of the world's largest recycling, services and water companies.

"NCC has made Bergnäset into a competitive player. However, their service operation differs from our project-oriented core business, and the operation has few synergies with other parts of NCC. With REMONDIS Maintenance & Services Sweden as owner, the company will have excellent opportunities for further development," says Kenneth Nilsson, Head of business area NCC Infrastructure. 

"As one of Europe`s leading suppliers of industrial services, the acquisition of Bergnäset is an unique opportunity for us to grow in one of our core businesses in Sweden. Bergnäset is one of Sweden's largest scaffolding companies and has with its highly competent employees a high reputation and long experience in the industrial scaffolding market. In connection with our existing scaffolding activities within XERVON, we see Bergnäset as an equal partner in our family and would like to successfully move forward together. We warmly welcome our new colleagues!", says Juergen Lennertz, Managing Director of REMONDIS Maintenance & Services Group.

REMONDIS Maintenance & Services Sweden AB will acquire all shares in the company and take over the operation including employees and ongoing contracts. Closing is expected in the third quarter of 2023. The completion of the transaction is subject to approval from the competition authorities.

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