MT Højgaard A/S has sold Promecon a/s to Kemp & Lauritzen A/S

December 2010 — Kemp & Lauritzen A/S, through its subsidiary L&H Rorbyg A/S, has taken over the servicing activities of MT Højgaard’s subsidiary, Promecon a/s. Financial details of this transaction have not been provided.

Promecon is a leading company within its niches of business services which can be divided into three complementary areas: piping, process plants and steel structures; tanks; and Industrial service and maintenance. Services are primarily provided to the oil and gas industry.

Kemp & Lauritzen is engaged in electrical installations and engineering, energy installations, process control, mechanical works, district heating, industrial piping HVAC, tele communication and ventilation. Kristian May, Kemp & Lauritzen Executive Vice President, said: “Promecon activities are no longer adapted to MT Højgaard’s focus, and therefore we have decided to divest it. With L&H Rorbyg, the service activities will get a solid new owner. Meanwhile, the market for traditional steel projects has receded in recent years, so we divest our few remaining activities.”

MT Højgaard provides building and civil engineering services to both the public and private sectors in Denmark.

Our role in the transaction

Oaklins' team in Denmark advised the seller in this transaction.