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

Entra Purchases Plots in Bergen

Norway Norway Entra has purchased two plots by the Media City Bergen property in Bergen for EUR 14M.

Forenom Expands in Norway

Norway Norway Forenom is expanding and the new CEO, Ola A. Bjørnstad, is the company`s first Norwegian leader in Norway.

After EUR 215M Divestment – Aspelin Ramm On the Hunt for New Investments

Norway Norway Aspelin Ramm completed a giant divestment by selling the shopping center Alna Senter in Oslo for EUR 215M. The company's CEO, Gunnar Bøyum, tells Nordic Property News about the decision to sell after a 40 years of ownership and where they are looking for their next investment.

Victoria Eiendom Makes Multiple Transactions in Oslo

Norway Norway Victoria Eiendom purchases and divests in central Oslo.

Scala: "Size Matters"

Norway Norway On the retail market, where there is an uncertainty regarding the future development of retail, one has to create strong companies. Salto Eiendom and Scala Retail Property in Norway have decided to merge. Hans Jørgen Mørland, CEO at the new formed company, tells Nordic Property News about the merger, future visions for the new company and his view on the development of the retail market.

"The Strong Foreign Interest in Norwegian Real Estate Will Continue"

Norway Norway Anders Solaas, newly appointed CEO for Cushman & Wakefield Realkapital, tells Nordic Property News of his views on the Norwegian market, the future development of foreign interest in Norway and what he can contribute to Cushman & Wakefield.

Salto Eiendom and Scala Retail Property Merge

Norway Norway The two shopping center companies Salto Eiendom and Scala Retail Property merge to form Norway's fourth largest retail owner.

Skanska Builds Education Facilities for the University of Bergen

Norway Norway Skanska has signed a contract with the University of Bergen to build a new education facilities at the campus area in Bergen, Norway. The contract is worth MNOK 295 (EUR 31M).

New CEO of Cushman & Wakefield Realkapital

Norway Norway Anders Solaas has been appointed as CEO of Cushman & Wakefield Realkapital in Norway. He joins from Entra ASA, where he has had a leading role as Head of Leasing and property development.

Citycon Sells Shopping Center

Norway Norway Citycon has entered an agreement regarding the divestment of Heiane Storsenter on Stord, to Drotningsvik Eiendom.