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.

Following that announcement, offers were received from industrial buyers, reflecting the business area's underlying value. NCC subsequently concluded that a sale to two strong industrial owners would create the greatest long-term value for both NCC and the Industry business area.

The divestment amounts to an enterprise value of SEK 8.2 billion. The purchase price will be settled in cash upon completion and is expected to generate a positive cash flow of approximately SEK 7 billion. Full details of the financial impact will be communicated upon completion of the transaction. The transaction is subject to approval by the relevant authorities.

“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,” says Tomas Carlsson, President and CEO NCC.

NCC Industry is a leading Nordic producer of stone materials and asphalt. The business area had sales of SEK 12.6 billion and an operating profit of SEK 879 M in 2025.

NCC expects the transaction to be completed during the second half of 2027. Until completion of the transaction, NCC will continue to recognize the earnings of Industry. The business will be reported as discontinued operations from the third quarter of 2026 as required by IFRS 5.

SEB Corporate Finance acted as financial advisor and Schjødt Law Firm served as legal advisor to NCC in connection with the transaction. KPMG acted as advisor on financial, carve-out, tax, pension and HR due diligence matters.

This is the type of information that NCC AB is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on October 7, 2026, at 08.15 CEST.