Mesta AS
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Mesta AS
Mesta AS is a Norwegian government enterprise delivering services within construction and civil engineering of roads. The company is owned by the Norwegian Ministry of Trade and Industry and has its headquarters at Lysaker outside Oslo. Marianne Bergmann Røren is the Chief Executive Officer of Mesta AS. The company was created in 2003 when the construction division of Statens Vegvesen was demerged to become a separate limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the lia ... that has to compete for each contract. During the summer of 2008 the company experienced a restructuring of the entire organizational structure. The company now consists of eight fully owned subsidiaries: Geo Survey, Eiendom (Property), Entreprenør (Entrepreneur), Asfalt (Asphalt), Stein (Rock), ...
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Public Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Lysaker
Lysaker is an area in Bærum Municipality, Viken County, Norway. Lysaker is the easternmost part of Bærum and borders Oslo proper. Lysaker was initially a farming community, later becoming a residential area. Today it is primarily known as a business and trade area, and a public transport hub. It is considered part of Stor-Oslo (Greater Oslo), and is home to offices of numerous domestic and international businesses. Geographical location Lysaker is located where a stream, Lysakerelva, empties into Lysakerfjorden—a branch of the Oslofjorden. This stream is the western border of Oslo proper. To the south-east Lysaker is bordered by the fjord. To the south-west is the Fornebu area, where one of Oslos two airports were located until Oslo Airport, Gardermoen, was expanded in order to handle all the traffic alone. To the west and north are the primarily residential areas of Stabekk and Jar. To the east is Sollerud and Lilleaker in Ullern borough. History Lysaker, meaning "bri ...
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Companies Based In Bærum
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Government-owned Companies Of Norway
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Construction And Civil Engineering Companies Of Norway
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction i ...
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Aksjeselskap
''Aksjeselskap'' is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called Allmennaksjeselskap (ASA), while companies without limited liability are called '' Ansvarlig selskap'' (ANS). All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiaries may have a different fiscal year, as is allowed, to match the parent corporation. The ASA ...
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Demerger
A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition. A demerger can take place through a spin-off by distributed or transferring the shares in a subsidiary holding the business to company shareholders carrying out the demerger. The demerger can also occur by transferring the relevant business to a new company or business to which then that company's shareholders are issued shares of. In contrast, divestment can also "undo" a merger or acquisition, but the assets are sold off rather than retained under a renamed corporate entity. Demergers can be undertaken for various business and non-business reasons, such as government intervention, by way of antitrust law, or through decartelization. See also * Equity carve-out *Successor company A successor company takes the business (products and services) of the previous companies with the goal to maintain th ...
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Statens Vegvesen
The Norwegian Public Roads Administration ( no, Statens vegvesen) is a Norwegian government agency responsible for national and county public roads in Norway. This includes planning, construction and operation of the national and county road networks, driver training and licensing, vehicle inspection, and subsidies to car ferries. The agency is led by the Directorate of Public Roads (Vegdirektoratet), and is subordinate to the Ministry of Transport and Communications. The Norwegian Public Roads Administration is divided into five regions and thirty districts, which are subordinate to the directorate. The directorate is based in Oslo. The Norwegian Public Roads Administration is one of the largest government agencies of Norway in terms of budget. In matters concerning national roads, the agency is subordinate to the ministry and in matters concerning county roads subordinate to the county administration. Core activities The Norwegian Public Roads Administration strives to ensure ...
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Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of in 2019, and the metropolitan area had an estimated population of in 2021. During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality ('' formannskapsdistrikt'') on 1 January 1838. The city fu ...
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Road
A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types of roads, including parkways, avenues, controlled-access highways (freeways, motorways, and expressways), tollways, interstates, highways, thoroughfares, and local roads. The primary features of roads include lanes, sidewalks (pavement), roadways (carriageways), medians, shoulders, verges, bike paths (cycle paths), and shared-use paths. Definitions Historically many roads were simply recognizable routes without any formal construction or some maintenance. The Organization for Economic Co-operation and Development (OECD) defines a road as "a line of communication (travelled way) using a stabilized base other than rails or air strips open to public traffic, primarily for the use of road motor vehicles running on their own wheels", whic ...
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Bærum
Bærum () is a municipality in the Greater Oslo Region in Norway that forms an affluent suburb of Oslo on the west coast of the city. Bærum is Norway's fifth largest municipality with a population of 128,760 (2021). It is part of the electoral district and historical county of Akershus and of the newer Viken County. The administrative centre of the municipality is the town of Sandvika. Bærum was established as a municipality on 1 January 1838. Bærum has the highest income per capita in Norway and the highest proportion of university-educated individuals. Bærum, particularly its eastern neighbourhoods bordering West End Oslo, is one of Norway's priciest and most fashionable residential areas, leading Bærum residents to be frequently stereotyped as snobs in Norwegian popular culture. The municipality has been voted the best Norwegian place to live in considering governance and public services to citizens. Name The name (Old Norse: ''Bergheimr'') is composed of ''berg'', whi ...
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Civil Engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads, bridges, canals, dams, airports, sewage systems, pipelines, structural components of buildings, and railways. Civil engineering is traditionally broken into a number of sub-disciplines. It is considered the second-oldest engineering discipline after military engineering, and it is defined to distinguish non-military engineering from military engineering. Civil engineering can take place in the public sector from municipal public works departments through to federal government agencies, and in the private sector from locally based firms to global Fortune 500 companies. History Civil engineering as a discipline Civil engineering is the application of physical and scientific principles for solving the problems of society, and its history is intricately linked to advances in t ...
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