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19 June 2025

Daily Newsletter

19 June 2025

Veidekke and subsidiary secure $105m Swedish defence facility project

This project is set to begin production in the second quarter of 2025, with completion expected by the first quarter of 2028.

Sathya Jameson June 19 2025

Scandinavian contractor Veidekke and its subsidiary Veitech have received a contract to undertake construction and installation work for one of the Swedish Fortifications Agency's facilities in eastern Sweden.

The Skr1bn ($105.2m) contract is to be registered in the company’s order book for the second quarter of 2025 (Q2 2025).

This project will begin production in Q2, with completion due by the first quarter of 2028.

Veitech focuses on installation and related technology for buildings and civil engineering structures.

The Swedish Fortifications Agency is responsible for the ownership, development, and management of properties that are integral to the national defence system.

Veidekke operates in the construction sector while also engaging in road maintenance and the production of asphalt and aggregates.

The company has an annual turnover of around Nkr41bn ($4.1bn) and a workforce of 8,000, half of whom are shareholders.

Veidekke was awarded another contract last month by Statsbygg for the establishment of the new Institute of Materials Science and Engineering at the Norwegian University of Science and Technology (NTNU) in Trondheim.

Spanning 13,200m² over ten floors, the facility will become a hub for over 200 NTNU employees, SINTEF Industri, external partners, and more than 300 students.

Earlier this year, Veidekke secured a contract from the Swedish Transport Administration for the reconstruction of the Muggebo-Tjos section of the E20 road past Mariestad.

This project entails rebuilding a 12km stretch of the E20 and adding a new bypass around Mariestad, with an expected completion date in late 2028.

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