NCC divests business area Industry for SEK 8.2 billion and strengthens focus on contracting
Key Highlights
- ➤NCC agrees to divest Industry business area at SEK 8.2 billion enterprise value
- ➤Transaction expected to generate approximately SEK 7 billion positive cash flow
- ➤Heidelberg Materials acquires Sweden and Norway operations; CRH acquires Denmark and Finland operations
- ➤NCC Industry reported SEK 12.6 billion sales and SEK 879 M operating profit in 2025
- ➤Completion expected during second half of 2027, pending relevant authorities’ approval
Expert Statements
Tomas Carlsson, President and CEO of NCC
“This transaction marks an important milestone for both NCC and Industry. For NCC, the transaction creates a more focused contracting company with greater opportunities to deliver long-term value for customers, shareholders and employees. The divestment reduces NCC’s capital intensity, unlocks significant capital and strengthens our financial flexibility. I am also confident that the divested operations will continue to develop strongly with new owners,”
NCC NCC has agreed to divest its Industry business area at an enterprise value of SEK 8.2 billion. The divestment will create a more focused NCC, specializing in contracting, while improving opportunities for long-term value creation. From NCC's perspective, it is a single transaction with two buyers: Heidelberg Materials and CRH. Heidelberg Materials is acquiring the operations in Sweden and Norway, while CRH is acquiring the operations in Denmark and Finland. The transaction is subject to approval by relevant authorities.
In 2025, NCC initiated a strategic review of the Industry business area, which includes stone materials and asphalt operations. Industry’s business model differs significantly from NCC’s other operations. While Industry is based on the production of standardized products from fixed production facilities, NCC’s contracting operations are project-based and characterized by lower capital intensity. The review resulted in a decision in early 2026 to separate the business area from the rest of NCC.
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