NCC AB

NCC AB is a Swedish construction company, the second largest in the Nordic region with annual revenues (2013) of 58 billion Swedish krona and about 18,500 employees.

History

The origins of NCC Construction go back to 1890 when Axel Johnson, a Swedish businessman, established "Nordstjernan" - the North Star. Later, this company became one of the leading Nordic shipping companies.

In late 1987, Nordstjernan AB began acquiring shares in the listed construction company Armerad Betong Vägförbättringar (ABV). At the time, Nordstjernan had its own construction company called Johnson Construction Company (JCC).

In spring 1988, Nordstjernan increased its shareholding in the company and, by May 21, 1988, ABV was considered a Nordstjernan subsidiary. At the company’s Annual General Meeting on June 8, then President of JCC, Torsten Eriksson, was also appointed President of ABV.

On June 9, 1988, the President sent a letter containing information about the merger and upcoming integration to the company’s 20,000 employees and to 30,000 business contacts.