Terranor Unit to Secure SEK44 Million Outdoor Environments Maintenance Contract in Sweden

Terranor Group (TERNOR.ST) said Thursday that Borås municipality in Sweden plans to award its unit, Terranor AB, an initial four-year contract worth 44 million kronor. Terranor AB will operate and maintain streets and pedestrian paths, traffic management devices, bridges, stormwater facilities, and deliver winter road maintenance throughout the municipality's urban areas from Sept. 1, 2026, until Aug. 31, 2030. The road maintenance company noted that the contract also offers an extension option for up to two years.