NCC is set to acquire the construction company Jakobsen & Blindkilde and will thereby gain a substantially stronger foothold primarily in Jutland but also in the rest of Denmark. The acquisition will also give access to new strategically attractive areas in the field of civil engineering works and site preparation, where Jakobsen & Blindkilde is a market leader.
Jakobsen & Blindkilde was founded in 1971 and conducts construction projects of commercial premises with groundwork, building services installations and concreting works as part of the company’s own operations. Jakobsen & Blindkilde’s main focus on small and midsize projects is also an excellent complement to NCC’s operations, which are characterized by large general building and turnkey contracts.
Jakobsen & Blindkilde will retain its name and become an independent subsidiary to NCC. The company has 75 employees and annual sales of about €23.9m (SEK 460m). Following the acquisition, NCC’s operations in Jutland will grow by about one third. NCC’s total sales in Denmark amounted to €700m (SEK 7.2bn) in 2016.
The takeover is expected to occur on April 1, 2018, but must be approved by the competition authorities. The parties have agreed not to disclose the purchase price.
“We are two effective businesses that will now merge to create even greater value for each other, our employees and our customers. The construction industry has undergone a major change in recent years, and this acquisition is a sign that we want to be part of the ongoing consolidation,” said Palle Bjerre Rasmussen, Head of NCC Building Denmark.
“Jakobsen & Blindkilde is a well-known company with an excellent reputation in the market and we would like to keep this position and develop their good customer relationships,” commented Palle Bjerre Rasmussen.
“We are delighted to have become part of NCC, a company we have known for many years. We are an excellent fit, both in terms of work and values, and together we now have an even more comprehensive and forward-looking company,” said Esben Pedersen, CEO of Jakobsen & Blindkilde.
