April 18, 2014 3:42 AM ET

Construction and Engineering

Company Overview of Infratek ASA

Company Overview

Infratek ASA provides technical services for the development, operation, and securing of critical infrastructures in Norway, Sweden, and Finland. The company operates through three segments: Local Infrastructure, Central Infrastructure, and Security. The Local Infrastructure segment offers services in the areas of project planning, construction, maintenance, and emergency response for infrastructures covering distribution networks, telecom/fiber-optic networks, railway systems, highway and street lighting, and district heating in Norway and Sweden. The Central Infrastructure segment provides project planning, construction, maintenance, and emergency response services for infrastructures in N...

Breivollveien 31

Oslo,  0668

Norway

1,660 Employees

Phone:

47 23 12 88 00

Key Executives for Infratek ASA

Chief Executive Officer
Age: 53
Chief Financial Officer and Group Executive Vice President of Accounting & Finance
Age: 48
Group Executive Vice President of Security
Age: 38
Senior Vice President of Shared Services
Age: 43
Senior Vice President of District Heating and Senior Vice President of Networks
Age: 63
Compensation as of Fiscal Year 2013.

Infratek ASA Key Developments

Infratek Receives Frame Agreement with Vattenfall Eldistribution AB for Delivery of Local Network Projects

Infratek have been awarded a frame agreement with Vattenfall Eldistribution AB, for delivery of local network projects. The agreement implies that Infratek will deliver local network projects in Vattenfall areas Stockholm, Bergslagen, Uppland, Roslagen, South Eastern Götaland, North Eastern Götaland, South West Götaland and North West Götaland. Guaranteed volumes represent an estimated annual value of approximately NOK 70 million. Furthermore, the agreement gives the company opportunities for project deliveries within over headlines and substation at Vattenfall's network in Svealand and Götaland. The contract duration is two years with effect from 1 January 2014, with a further one-year option.

Infratek Wins a Contract for Turnkey Delivery of a 400 kV Substation at Forssa

Infratek has been awarded a contract with the Finnish national power grid company Fingrid, for turnkey delivery of a 400 kV substation at Forssa. The substation site lies in the southern Finland, about 80 km northwest from Helsinki. The value of the contract is approximately EUR 6.7 million and design works will commence immediately. The substation will be completed and handed over by the end of 2015. The turn-key delivery includes construction of new 400 kV outdoor switchgear, protection and auxiliary systems. According to regulations the other tenders have the right to lodge complaints for three weeks. The contract cannot be signed prior to the expiration of this period and prior to the evaluation of any complaints.

Infratek ASA, Q3 2013 Earnings Call, Oct 30, 2013

Infratek ASA, Q3 2013 Earnings Call, Oct 30, 2013

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
--
Merger/Acquisition
December 18, 2013
Infratek ASA, Construction Projects on West Coast and Kalmar Region
Merger/Acquisition
September 6, 2013
Eiendomssikring AS
 

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