LEXINGTON, Ky. (WKYT) – WKYT Chief Meteorologist Chris Bailey says central Kentucky is below its seasonal snow average. That can be bad for business as landscape companies turn the white snow into green dollars.

“In Lexington, you’re on average of five to six inches below normal so far,” said Bailey.

If you’re in the business of snow removal, it’s not the news you want to hear.

Chris Trower is the president of Diamond Landscapes. he can have up to 250 employees working a big snow event and has hundreds of thousands of dollars invested into equipment. They just need the snow to fall.

“Our guys are bored. We’d like to have it,” said Trower. “I bought a bunch of new trucks this year.”

Trower has 54 trucks outfitted with plows and salters. He also has 1,200 tons of salt.

“We’re the company that never runs out,” said Trower. “I’ve never run out.”

Trower has learned not to totally depend on big snowfalls for winter income.

“2011 was one of those years. It snowed once, and our budgets were set on it, so we were hurting,” said Trower. “We do set our budgets up for a nominal amount just because you guarantee on it its something that’s not guaranteeable.”

Trower manages and clears 200 plus commercial parking lots. However, if snow doesn’t come, there will be an impact down the line.

“It affects us. We want to upgrade a few mowers, upgrade a couple more trucks, and we don’t get to do that if it doesn’t snow,” Trower said.

The good news: he says the extreme cold and snow event we had last month really helped out.

“That three-day event, we recouped our investment,” said Trower. “so we’re a little bit better than level.”

Right now, all they can do is sit back and wait. Winter isn’t over yet.

“At the end of the day, God does what he’s going to do, and we are going to respond to it,” Trower said.

Trower says right now, his team is prepping for the spring landscape season, and they are recruiting new team members.

Copyright 2023 WKYT. All rights reserved.

30 November 2022 – 15:15 CET

HT Vike was founded in 2012 and since its inception has delivered groundwork for fuel stations and car washes in Norway.

The infrastructure for fuel stations and car washes is about to change fundamentally and HT Vike has a central role in the conversion as a supplier of groundwork for new establishments as well as rebuilding and cleaning of fuel stations and car washes.

Norway is the country in the world with the highest proportion of electric cars and with that comes a change in the infrastructure linked to conversion from fossil fuel stations to charging stations. Through a good understanding of the customers’ needs, HT Vike has succeeded in positioning itself as a total supplier regarding groundwork in this segment.

– We think it is extra fun to partner with such a successful entrepreneur as HT Vike, which is in the middle of one of the big megatrends of our time. Even though Norway has come a long way in the transition from fossil to electric fuel, very large investments remain before having an infrastructure that achieves the goals formulated by the Norwegian government – that all new passenger cars and light vans must be zero-emission vehicles starting in 2025. In Green Landscaping Group, we have the world’s best entrepreneurs, which means we can make a difference and create a more sustainable society, says Atle Roll-Matthiesen, Regional Manager Norway, Green Landscaping Group.

– I am proud of my company and after becoming part of the entrepreneurial family Green Landscaping Group, my ambition is that HT Vike together with its new sister companies will continue to drive infrastructure investment in Norway to new heights, says Hans Tormod Vike, founder of HT Vike.

– Strong entrepreneurs under the same umbrella provide opportunities for development, investment and cross-pollination and when we now together with HT Vike are in the middle of a megatrend, we can further contribute to the transformation of the infrastructure in the fuel industry. Being able to welcome the company to us is gratifying in several ways. Not least based on their entrepreneurial drive. The more strong entrepreneurs we become in the group, the more benefit we can do for society, concludes Atle Roll-Matthiesen, Regional Manager Norway, Green Landscaping Group.

Green Landscaping Group acquires 70 percent of the shares in HT Vike with immediate access and with a purchase option for the remaining 30 percent. The acquisition is financed within existing credit facilities and through a non-cash issue of newly issued shares. The board has therefore, with the support of authorization from the annual general meeting on 14 May 2022, decided on the issue of 256,846 shares in Green Landscaping Group, addressed to the seller. This corresponds to a dilution of 0.5 percent of the share capital and votes in Green Landscaping Group. Total number of shares in Green Landscaping Group is 55,394,717 shares after completed issue.

In connection with the transaction Hans Tormod Vike invests in Green Landscaping Group and is currently a shareholder in both HT Vike as in Green Landscaping Group.

The information was submitted for publication, through the agency of the contact persons on 30 November 2022, at 15:15 CET.

For more information:

Atle Roll-Matthiesen, Regional Manager Norway, Green Landscaping Group
+47 909 00 112, atle.roll@glgroup.no

Carl-Fredrik Meijer, CFO & IR, Green Landscaping Group AB
+46 70 108 70 19, carl-fredrik.meijer@glgroup.se

Green Landscaping Group AB (publ) works with outdoor environments and infrastructure. Through subsidiaries, we offer the most comprehensive service portfolio on the market, aimed at making outdoor environments more sustainable and safe. Our business concept is to enhance the customer’s outdoor environment by offering services focused on high customer value, long-term sustainability, and quality. The Company has approximately 1,600 employees and sales amount to approximately SEK 3.2 billion. The Company’s shares are listed on Nasdaq Stockholm with the ticker GREEN. For more information visit www.glgroup.se.

HT Vike AS was founded in 2012. The company provides groundwork mainly to the fuel companies throughout Norway. The company has a turnover of approximately NOK 60 million with a good profit margin.

https://news.cision.com/green-landscaping/r/green-landscaping-group-acquires-the-norwegian-landscaping-company-ht–vike-as–with-a-central-role,c3675540

https://mb.cision.com/Main/16824/3675540/1706030.pdf

(c) 2022 decision. All rights reserved., source Press Releases – English