Bravida Holding AB (BRAV.ST) Tuesday that Bravida Norway has signed a four-year framework agreement with the municipalities of Fredrikstad and Hvaler in south-eastern Norway, with a total order value of around 20 million Norwegian Kroner.
The contract covers comprehensive fire safety, security, and heating and plumbing services for municipal buildings, the company added.
As per the terms of the agreement, Bravida will handle inspection, servicing, maintenance and repair work across roughly 200 municipal properties, including schools, town halls and residential buildings.
The area of work includes fire alarms, emergency lighting, sprinkler systems, smoke ventilation and manual firefighting equipment, the company said in an official statement.
The Swedish supplier of technical installation and services to buildings and structures said that the latest contract came into effect on October 1.
Commenting on the deal, Martin Andersen, Regional Manager for Region Nedre Viken, Bravida Norway, said, "We are very pleased to have signed this contract, which will help ensure safe and well-functioning buildings for local people in the municipalities. The contract also allows us to further develop, invest and create value in the local areas in which our branches are situated. We look forward to continuing the ongoing cooperation with Fredrikstad and Hvaler municipalities."
On the Stockholm Exchange, BRAV.ST is currently trading at 81.05 Swedish Kroner on Tuesday, down 1.34 percent.
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