Norconsult acquires consulting company Concreto AS

Sandvika, 28 February (OSE: NORCO): Norconsult Norge AS, a subsidiary of Norconsult ASA, has acquired the Oslo-based planning and analysis company Concreto AS.

The company operates mainly within buildings, infrastructure and urban planning. Concreto's services primarily focus on economic analysis as a basis for decision-making by project owners in the early phases of projects. These services encompass early phase project consulting, concept development and project management, quality assurance, cost estimation, project improvement, cost-benefit and risk analysis, and dispute handling.

Counting 13 employees, Concreto had revenues of NOK 20 million in 2023.

"Norconsult have already worked closely with Concreto on several projects, and we are aware of their high professional competence and skills. The acquisition strengthens Norconsult`s expertise in cost and risk management, and we look forward to welcoming the Concreto team to Norconsult," says Bård Hernes, EVP Norway Head Office at Norconsult.

The acquisition is expected to close in February 2024.

For further queries, please contact:

Investors: Dag Fladby, CFO, IR@norconsult.com

Media: Henrik Charlesen, Senior Communication Advisor, henrik.charlesen@norconsult.com

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About Norconsult

Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult's delivery model is centred around knowledge hubs and local presence through approximately 6,300 employees and 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.