K-Fast Holding AB: K-Fastigheter becomes part owner in civil works company

K-Fastigheter has today signed an agreement to become a half-owner of the civil works company PVS Mark & Va. The acquisition will strengthen K-Fastigheter's operations in project development and construction.

K-Fast Holding ("K-Fastigheter"), through a wholly owned subsidiary, has entered into an agreement to become a part owner in PVS Mark & VA ("PVS") from 31 May 2021. K-Fastigheter will thus own 50 percent of a company with around 20 employees and an estimated annual turnover for 2021 of SEK 70 million.

"We have collaborated with PVS in many of our projects and know that the owners are committed and working in the daily operations. Right now, they are active in all our Danish projects," says Eric Johansson, Business Area manager for K-Fastigheter Construction. "Together, we can secure access to competence and development within the important early phases of a construction project. It is about ground/foundation analysis, design and execution of ground construction for our concept buildings."

"By entering into a collaboration with K-Fastigheter, PVS secures its vision of becoming a leading ground and mechanical engineering contractor, while I am confident that K-Fastigheter will create good synergy effects," says Gadaf Peci, CEO of PVS. "I cite Jacob Karlsson from other contexts, this is `just the beginning'."


For more information, please contact:

Eric Johansson, Business Area manager for K-Fastigheter Construction, e-mail: eric.johansson@k-fastigheter.se,telephone: +46 10 167 60 87
Anders Antonsson, IR Manager e-mail: anders.antonsson@k-fastigheter.se,telephone: +46 708 730 900


As a property company, K-Fastigheter's objective is to add value for tenants by creating attractive homes with superior comfort. The Group's operations encompass active property management, project development and proprietary construction operations. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept buildings, developed in-house and constructed for proprietary management. K-Fastigheter provides some 2,280 homes in several locations in the Öresund region, in the province of Småland and in western Sweden, and is assessing new markets as production capacity increases. The Group's property portfolio has a book value SEK 7.4 billion, with an annual rental value of about SEK 278 million. Since November 2019, the company's Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B) Read more at www.k-fastigheter.com (http://www.k-fastigheter.com/en)

Source: Cision

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