Multiconsult acquires Sitepartner AS

Multiconsult ASA (OSE: MULTI) has entered into an agreement to purchase 100 per cent of the shares of the construction and project management consultancy Sitepartner AS based in the city of Arendal, Norway. With the acquisition Multiconsult is strengthening its position in the implementation phase of construction and civil engineering, within energy, electrical grid, and railway sectors.

Sitepartner AS is a well-managed company primarily operating in project and construction management. The company was established in 2015 and has its headquarters in Arendal. The company holds 12 employees, and currently with an additional seven subconsultants, Sitepartner operates on projects throughout Norway. Multiconsult and Sitepartner have a long history of successful project collaboration based on trust and mutual respect. An example of ongoing project collaborations is the frame agreements with Statnett. 

For 2023 (2022), Sitepartner AS recorded operating revenues of NOK 28.0 million (20.7), EBIT (No: driftsresultat) of NOK 2.5 million (0.5) and net profit (after tax) of NOK 1.9 million (0.4). The consideration will be settled with cash.

The share purchase agreement between the companies was signed on 4 June 2024. Sitepartner AS will continue to operate as an independent subsidiary of Multiconsult ASA for the time being.

For further information, please contact:

   Investor relations:
      Ove B. Haupberg, CFO
      Phone: +47 401 00 900
      E-mail: oveb.haupberg@multiconsult.no

   Media:
      Gaute Christensen, VP Communications
      Phone: +47 911 70 188
      E-mail: gaute.christensen@multiconsult.no