CRH has signed an agreement to acquire NCC Industry’s operations in Denmark and Finland from NCC AB, expanding the building materials company’s aggregates-led portfolio across the Nordic region.
NCC Industry develops, produces and sells stone materials and asphalt products used in construction and infrastructure projects.
In Denmark, the transaction includes NCC Industry’s national network of asphalt plants as well as land-based and marine aggregates sites and substantial reserves.
CRH said the assets will significantly expand its presence in Denmark and increase its exposure to demand generated by major road, infrastructure and industrial projects.
In Finland, CRH will acquire NCC Industry’s network of reserve-backed hard-rock quarries along with its backfilling and recycling operations.
The Finnish assets are expected to complement CRH’s existing operations and its connected portfolio of businesses in the country.
CRH is pursuing a strategy centered on building an aggregates-led portfolio in markets benefiting from long-term infrastructure investment and urban development.
The company believes NCC Industry’s existing customer relationships and operating footprint across Denmark and Finland will strengthen its position in the Nordic building materials market while improving its ability to serve infrastructure and other high-growth end markets.
The acquisition remains subject to applicable regulatory approvals and customary closing conditions.
Completion is expected during 2027. Until the transaction closes, CRH and the NCC Industry businesses covered by the agreement will continue operating independently.
KEY QUOTES:
“This acquisition is strongly aligned with CRH’s strategy to build an aggregates-led, connected portfolio aligned with growing infrastructure megatrends. NCC Industry’s extensive operating footprint and strong customer relationships in Denmark and Finland will strengthen our business in the Nordics, enhancing our ability to support customers across key high-growth urban markets and infrastructure end-segments.
We look forward to welcoming the NCC Industry teams in Denmark and Finland to CRH once the deal concludes and to working together to create additional opportunities and further value through CRH’s operating expertise.”
Peter Buckley, President of CRH International
