Veidekke Wins NOK 150 Million Contract for New Transformer Station in Trøndelag

Veidekke ASA ( (GB:0GF6) ) just unveiled an announcement.

Veidekke has secured a turnkey contract worth around NOK 150 million from grid operator Tensio to build a new transformer station in Klæbu, near Trondheim. The project, awarded under an eight-year framework agreement, aims to reinforce the regional power supply and enable further grid development and capacity increases in Trøndelag.

The transformer station will be Veidekke and Tensio’s fourth such collaboration, underscoring a strong regional partnership in critical energy infrastructure. Construction is set to start after the summer and be completed by June 2028, with the contract already booked in Veidekke’s order backlog for the first quarter of 2026, supporting the contractor’s pipeline and visibility in the Norwegian infrastructure market.

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 construction contractors, carrying out a broad range of building and civil engineering projects across the region. The company also maintains roads and produces asphalt, crushed stone and gravel, leveraging local knowledge and employee ownership to support its long record of profitability and its listing on the Oslo Stock Exchange.

With annual turnover of about NOK 43 billion and roughly 8,000 employees, Veidekke focuses on infrastructure, commercial and residential construction in its core Nordic markets. Its diversified operations and emphasis on long-term partnerships position the group as a key player in large public and private development projects across Norway and neighboring countries.

Average Trading Volume: 84,314

Current Market Cap: NOK25.37B

See more data about 0GF6 stock on TipRanks’ Stock Analysis page.