ÅF acquires Midtconsult - strengthened presence in Denmark

For further information:

Mats Påhlsson, President Infrastructure Division              +46 70 534 64 00
Marta Tiberg, Head of Communication and Brand           +46 73 072 70 48

In line with ÅF growth strategy and ambition to increase its presence in Denmark ÅF acquires Midtconsult, a consulting company with operations in the strong Danish real estate sector.

Through the acquisition of Midtconsult, ÅF continues to grow in Scandinavia. The acquisition will strengthen ÅF's business in Denmark and provide a robust platform for further growth in the Danish real estate and infrastructure engineering market.

Midtconsult is a multidisciplinary service provider with a strong strategic market position in the real estate development and construction sector. The company has references on large projects across various real estate segments such as residential, commercial, hospitals and public buildings. Midtconsult's main market is real estate, but the company is also actively expanding in the infrastructure sector. Midtconsult is a fast growing and profitable company with a turnover of close to MSEK 200.

"The combination of ÅF and Midtconsult will form a leading engineering and consultancy provider to the Danish real estate and infrastructure markets and give ÅF a solid platform for further growth in Denmark," says Jonas Wiström, CEO of ÅF.

Urbanization along with increasing demand for sustainability and energy efficiency bring new business opportunities on which Midtconsult is geared to capitalize.

"We have been looking for a strategic partner to develop our business and after careful evaluation we have decided that ÅF offers Midtconsult and our customers the best opportunities," says Thomas Duedahl, CEO of Midtconsult.

Midtconsult will be consolidated by the ÅF Group as of January 1, 2017.

Corporate Communication
ÅF AB (publ)

ÅF is an engineering and consulting company for the energy, industrial and infrastructure markets, creating progress for our clients since 1895. By connecting technologies, we provide profitable, innovative and sustainable solutions to shape the future and improve people's lives.  Building on our strong base in Europe, our business and clients are found all over the world.
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