Multiconsult acquires the Swedish engineering consulting company Iterio AB
Oslo 7 March 2017 – Multiconsult acquires the Swedish consulting company Iterio AB and thereby strengthens its presence in Sweden, according to the 3-2-1 GO strategy objectives of developing a multidisciplinary business in Sweden.
The transaction will be settled in cash on 7 March 2017 and the total purchase price is SEK 50 million. Iterio AB will become an integrated part of Multiconsult as of today.
The acquisition is a first step towards Multiconsult’s strategic objective of developing a multidisciplinary business in Sweden
Iterio AB are engineering consultants with focus on planning and construction. They are mainly involved with project and design management as well as data coordination. Their core expertise is within geotechnics, environment and traffic and they have a solid customer base. The company was established in 2011 and employs more than 70 engineers across offices in Stockholm, Gothenburg and Malmø. Iterio AB is a valuable addition and will be a good fit with LINK arkitektur’s and Multiconsult group’s existing presence and commitment in Sweden and Scandinavia.
“We are proud to welcome Iterio AB into the Multiconsult group. With complementing values and corporate culture, they are a good fit and an important extension of our Scandinavian investment. Iterio AB is a strong supplement with their valuable expertise in geotechnical, environmental and traffic engineering and have built up a solid customer portfolio. We look forward to working together and building on this platform in further expansion, says Øyvind Holtedahl, Executive Vice President for Marketing, Strategy and Innovation at Multiconsult.
For further information, please contact:
Mirza Koristovic, Head of Investor Relations
Phone: +47 93 87 05 25
Gaute Christensen, VP Communications
Phone: +47 911 70 188
ABOUT MULTICONSULT ASA
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 300 employees and 45 offices in Norway and abroad. The Company focuses on seven market areas: Buildings & Properties, Transport & Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and Architecture. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2015 Multiconsult completed more than 9 000 projects for approx. 4 000 different customers.