Selmer Asa - SEL- Profile

Selmer ASA is one of the leading general contractors in Norway. The activity of the company is divided into four business areas: Building, which comprises the company's Norwegian and Swedish building activities and machinery and equipment rental for contracting activities. Civil engineering, which comprises the company's Norwegian and Swedish civil engineering activities and surveying services. Industry, which comprises production and installation of interior fittings, production of pre-cast concrete element and steel structures, production and laying of asphalt, execution of foundation works, concrete repair works and shaft drilling. Property development, which comprises the development of business properties and the development, project management and sale of housing projects. The company acquired Fyllingen Maskinstasjon AS, Krane & Partner AS, Varmlandsbygg AB (Sweden), E.D. Knutsen Maskin AS, Anleggs- og Industrimaskiner AS, BT-Bygg AS and Sanacoustic Byggmontering AS in 1999. Building operations accounted for 46% of 1999 revenues; civil engineering operations, 33%; industrial operations, 11% and property development, 10%.