OREANDA-NEWS. Peab has signed a contract to acquire Tranab Markbyggnad AB domiciled in Örebro. The company runs civil engineering operations in Mälardalen and Närke.

The company had net sales totaling SEK 264 million and 58 employees in 2016.

The acquisition requires approval from the Swedish Competition Authority and takeover is expected to take place in the third quarter of 2017. 

Peab is one of the leading Nordic construction and civil engineering companies with more than 14,000 employees and net sales of over SEK 49 billion.