Multiconsult ASA acquires Hjellnes group consisting of Hjellnes Consult AS and Johs Holt AS.
After the initial letter of intent dated 23 May 2017 and following a successful due diligence process and approvals from the board of directors in Multiconsult and Hjellnes Holding AS, Multiconsult ASA has entered into a share purchase agreement to purchase 100% of the shares in Hjellnes Consult AS and Johs Holt AS.Based on an enterprise valuation of the Hjellnes group of NOK 170 million, adjusting for net debt and net working capital, the total purchase price is NOK 184 million. The valuation is based on a normalised 2016 financial result. The settlement will be a combination of NOK 119