Heidelberg Materials to acquire NCC’s aggregates and asphalt units in Sweden and Norway
- NCC’s Industry business area comprises 106 aggregates sites with substantial reserves and 44 hot‑mix asphalt plants in Sweden and Norway.
- The transaction reflects an enterprise value of around SEK 5.5 billion on a cash‑ and debt‑free basis.
- The deal implies a pro forma EBITDA multiple below Heidelberg Materials’ own.
- Heidelberg says the acquisition complements its cement, aggregates, ready‑mixed and precast footprint and strengthens regional capacity to serve rising infrastructure demand; the transaction is subject to regulatory approval.
Deal details
Heidelberg Materials Nordics has signed a binding agreement to acquire the Swedish and Norwegian aggregates and asphalt operations within NCC AB’s Industry business area. The transaction reflects a total enterprise value of around SEK 5.5 billion on a cash‑ and debt‑free basis and implies a pro forma EBITDA multiple below Heidelberg Materials’ own. The transaction is subject to approval by the relevant authorities.
Assets and scale
Headquartered in Stockholm, NCC’s Industry business area operates 106 aggregates sites with substantial reserves and 44 hot‑mix asphalt plants across Sweden and Norway.
Strategic rationale
Heidelberg Materials says the acquisition complements its established presence in cement, aggregates, ready‑mixed and precast concrete across Sweden and Norway, while adding high‑quality asphalt and strengthening regional aggregates capacity. Company executives said the extended footprint will position them to capture growth driven by rising infrastructure demand in the Nordics.
Source: Heidelberg Materials