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Veidekke ASA ( (GB:0GF6) ) has issued an update.
Veidekke ASA has received regulatory approval to complete its acquisition of asphalt contractor Nord Vei og Asfalt AS in Troms County, bolstering its asphalting operations in a region where demand is expected to remain strong. Veidekke is buying 100% of the company’s shares for about NOK 60 million on a debt-free basis, funded from existing liquidity.
Nord Vei og Asfalt, founded in 2022 and employing 37 people at its crews and asphalt plant in Storsteinnes, reported revenue of NOK 236 million and operating profit of NOK 38 million in 2025, up from NOK 98 million and NOK 11 million respectively the previous year. The transaction enhances Veidekke’s regional footprint and secures profitable capacity in a growing local market, supporting the group’s broader strategy in Nordic infrastructure and asphalt production.
The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK194.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.
More about Veidekke ASA
Veidekke ASA is one of Scandinavia’s largest contractors, undertaking a wide range of building and civil engineering projects while also maintaining roads and producing asphalt and aggregates. The Oslo-listed company has annual turnover of about NOK 43 billion, emphasizes stakeholder involvement and local experience, and is partly employee-owned, with half of its roughly 8,000 staff holding shares.
YTD Price Performance: 3.70%
Average Trading Volume: 85,645
Current Market Cap: NOK24.99B
See more insights into 0GF6 stock on TipRanks’ Stock Analysis page.