15.11.2010 - Company announcement

Aarsleff takes over the shares in VG Entreprenør A/S

Today, Aarsleff has taken over the shares in the Danish contracting company VG Entreprenør A/S in Lemvig, which has specialised in coastal protection and other marine works. The company has an annual revenue of approx. DKK 35 million and works all over Denmark.

The management will continue in the new ownership. Aarsleff and VG Entreprenør A/S have previously cooperated as consortium partners on different pier construction projects. The intention is that VG Entreprenør A/S continues its activities from its current location and that the company’s special competencies are to be developed further as a company in the Aarsleff Group.

The earnings impact of the takeover of VG Entreprenør A/S in 2010/2011 will be included in the total earnings expectations which will be informed as usual in the preliminary announcement of financial statements for 2009/2010.