Ratos company Vestia Construction Group wins new partnering contract with estimated budget of SEK 250m in Kungälv Municipality
Vestia Construction Group (Vestia), a part of SSEA Group, will partner with Kungälv Municipality to renovate, rebuild and extend Ytterby School in central Ytterby. The project will provide the school with inclusive, efficient premises that are suited for modern education in a municipality with a growing number of residents. The project encompasses approximately 11,000 square metres, and the budget is estimated at SEK 250m.
Project planning will begin after summer 2023 and production will start in stages during the autumn. The project will be completed by year-end 2025. The oldest section of Ytterby School was built in 1952, and the school currently has space for 600 students from years 7 to 9. When the renovations and extension are complete, the school will be able to accommodate just over 700 students.
Vestia has extensive experience of partnering on school projects where the building stays open during construction. The renovation and extension will be carried out in stages. Affected classes will be moved temporarily and held in modular classrooms on the school premises.
“Buildings that are important to society, such as schools, are built and maintained regardless of the economy. SSEA Group and Vestia’s expertise and niche are especially attractive in this regard. In combination with the recognised efficiency and trustworthiness of their partnering model, this means that the company has a bright future despite a market with uncertain prospects when it comes to, for example, housing construction. We’re pleased to have secured yet another excellent contract,” says Christian Johansson Gebauer, Chairman of the Board of SSEA Group and President Business Area Construction & Services, Ratos.
“I’m proud that we have been entrusted to develop Ytterby School together with Kungälv Municipality. Although the Gothenburg metropolitan area is our home market, this is a new customer for us. Large, complex school projects that require renovations and extensions while the buildings remain in use are an area in which the entire Vestia team is experienced. We look forward to joining forces with Kungälv Municipality’s talented team. Together, we’ll deliver a sustainable educational environment with an eye on the future,” says Christian Wieland, CEO of SSEA Group.
For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Christian Wieland, CEO, SSEA Group, +46 70 654 09 30
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 32 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.