Rejlers divests Embriq and focuses on accelerating growth in the core engineering business
Rejlers AB (publ) (“Rejlers”) has divested 100% of the shares in Rejlers Embriq AS and Rejlers Embriq AB (together “Embriq”) to funds advised by Magnesium Capital LLP (“Magnesium Capital”) for a cash consideration of NOK 400 million on a cash and debt free basis.Rejlers have decided to focus on its core Engineering consulting operations in Sweden, Norway and Finland. A sale of Embriq would enable Rejlers to accelerate investments in growing those core operations while allowing Embriq, with high focus on services and products, to explore its full potential with a dedicated and focused new