Veidekke ASA Expands Verdal Health Centre with a €30 Million Phase 2
Veidekke ASA, the Norwegian construction and property‑development firm listed on Oslo Børs, has secured a new contract to build the second phase of the Verdal health and care centre. The deal, announced on 11 May 2026, carries a value of approximately NOK 300 million (about €30 million) and will add 80 round‑the‑clock care places to the existing facility in the centre of Verdal, Norway.
Project Scope and Timeline
The new phase will cover roughly 7,700 m² distributed over three floors. Construction is set to commence in June 2026, with a targeted trial operation in February 2028. The project is a turnkey assignment, meaning Veidekke will handle design, procurement, and construction, working in collaboration with its Verdal‑based subsidiary, Grande Entreprenør, and other local partners.
Sustainability Focus
Veidekke has emphasised environmental stewardship throughout the project. The contract specifically calls for the reuse of materials from the original building—most notably brick—which will be re‑integrated into the new structure. This approach aligns with Veidekke’s broader sustainability agenda, which includes repurposing and recycling in its construction portfolio.
Strategic Significance
This assignment is a notable addition to Veidekke’s order book for the second quarter of 2026. It reinforces the company’s presence in the Nordic health‑care infrastructure sector and demonstrates its capacity to deliver complex, socially‑impactful projects. The partnership with Verdal municipality further strengthens Veidekke’s relationship with local governments and positions the firm as a preferred contractor for public‑sector developments.
Market Context
With a market capitalization of approximately NOK 24 billion and a price‑to‑earnings ratio of 15.7, Veidekke remains a significant player in the industrial construction and engineering space. The recent contract is expected to contribute positively to the company’s revenue trajectory and underscore its continued focus on high‑value public infrastructure projects across Norway, Sweden, and Denmark.
