Kynningsrud Prefab sells Scanpile shares

Scanpile AB manufactures and supplies concrete piles for the Swedish-Norwegian market fromthe factory located in Ucklum in Sweden.
31.12.2011 Hercules Grundläggning AB took over all the shares in Scanpile AB.

Division Director Pål Sanne in Kynningsrud Prefab says that it was natural to sell out, becausepile production is not part of their core business.
Kynningsrud Prefab is in the middle of an investment phase for concrete production, where aninvestment plan of over 100 million will be implemented.

Kynningsrud Concrete is concrete product supplier to the Norwegian-Swedish market. The company has a good order book and will sell for over 350 million in 2012.

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