Japanese-owned Kverneland Group Acquires Øksnevad Eiendom

Norway Norway Kverneland Group, owned by Japanese Kubota Group, is further investing in the future of the Plough factory in
Norway buying the local Property Company ├śksnevad Eiendom AS, who owns the land and the buildings. The purchase price is based on a property value
of EUR 40M.


Share via e-mail

As an industrial Owner Kubota Group has again supported an important strategic measure to strengthen Kverneland Group and its capabilities to grow and command leading positions in the implement markets across the world.

Since Kubota’s take-over of Kverneland Group in 2012 it remains a key strategic priority to further strengthen the supply chain efficiency and capacity by taking benefits of Kubota’s strong expertise and experience in the well-known Japanese production philosophies and methods, which are being implemented across all sites.

In addition, Kubota has supported significant investments in plant infrastructure, equipment and machinery and this last key milestone of purchasing the premises at Kverneland Group Klepp is another example of the strong ambitions and commitment.

Dai Watanabe, CEO of the Kverneland Group, is stating that this acquisition is an important strategic step following substantial investment in the Plough production site in recent years, which have increased automization, improved efficiency and increased capacity. He further emphasizes the significant benefits of having finalized the process of gathering all activities at the Øksnevad site, including the new R&D Centre with testing facilities and the metallurgical laboratory, which was previously located 5 km. away. Watanabe concludes that the purchase of the Øksnevad Eiendom AS is another important milestone in the further development of Kverneland’s position as the leading plough manufacturer of the world.

Axel Ohlsson

Botnevik to Infranode

Norway Norway Erik Botnevik joins Infranode’s team as Country Lead Norway and Nordic Lead Telecom.

Largest Norwegian Transactions in 2017

Norway Norway 2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries – starting with Norway.

Batljan Keen On Norway

Norway Norway Ilija Batljan's SBB made a big mark in Norway during 2017 with several investments, including the purchase of DNB Bank's HQ in Oslo. After the turn of the year SBB looks for more Norwegian investments.

Oslo Areal Purchases in Sandvika

Norway Norway Oslo Areal has purchased the Vestfjordgaten property in Sandvika from Norconsult Holding, who at the same time signed a long-term lease.

Smedvig Purchases in Stavanger

Norway Norway Smedvig Eiendom has purchased three properties on Åsen in Stavanger.

Capman Buys Commercial Property in Oslo

Norway Norway Capman Nordic Real Estate II fund has acquired Lille Grensen 5, a retail and office property located in Oslo city centre from a German fund.

Victoriapassasjen Sold to Swedish Company

Norway Norway The Victoriapassasjen property in Oslo has been sold to Swedish Artmax for EUR 32M.

“Healthy Correction of the Housing Market in Oslo”

Norway Norway Lately there have been worrying reports of declining prices and decreasing demand on the Norwegian housing market as a result of new authority directive. But according to Pangea’s CEO Bård Bjølgerud it is more about a healthy correction.

New Headquarters to Greater Oslo

Norway Norway Anthon B. Nilsen will construct a new headquarters and warehouse for the electronics wholesaler Berggård Amundsen & Co in Berghagan Næringspark.

Pecunia Purchases

Norway Norway Pecunia has purchased two properties on Bryn, with the plan to set up two office building with a total area of 15,500 sqm.