Moelven acquired module factory in Hamar
Combined with the remaining production structure, the acquisition secures Moelven a future-oriented module concept that serves the group's three market segments - building and construction, project and residential.
“With the acquisition of Hedalm AS we have strengthened our position as the leading module manufacturer in the Nordic region. We have acquired specialization, capacity and the possibility to deliver large orders in a short time – in all of our three segments,” says CEO Morten Kristiansen of Moelven Industrier ASA.
Increased demand for housing
The CEO says that a particularly important aspect concerning the acquisition is that the group is experiencing and expects a significant increase in demand in the market for standardised and ready-to-use multi-storey apartment buildings.
“To meet the increasing need for ready-to-use housing concepts, there's a need to increase production capacity. At the production premises at Hjellum, Moelven can produce modules more than 12 metres in length. This is particularly important for Moelven's new housing concept,” Kristiansen says.
Kristiansen was adamant that Moelven would take good care of the knowledge and expertise at Hedalm AS.
“Together we will exploit the synergies and competitive advantages we can in the shape of increased industrial knowledge, specialization, standardisation and capacity. The time really has come for industrialised wooden buildings,” Kristiansen says.
The new company is owned by Moelven Industrier ASA and will continue to operate as a separate company coordinated with other module production in the Moelven group.