Norconsult listed on Oslo Børs
Sandvika, 10 November 2023: Norconsult, a leading pan-Nordic interdisciplinary consulting firm, has today been admitted to trading on Oslo Børs main market (ticker code: NORCO).
“The public listing of Norconsult is an important milestone in our almost 95-year history, a listing that will secure a strong employee ownership and provide exciting opportunities for the company. Norconsult is a highly skilled company with a strong local presence in the Nordics, with a balanced project mix in the private and public sector. Going forward, we will continue to work on attracting, developing and retaining the best talents and continue our profitable growth,” says Egil Hogna, CEO of Norconsult.
Norconsult combines engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Through innovation and creativity, and with the purpose «Every day we improve everyday life», Norconsult is constantly seeking more sustainable and efficient solutions beneficial to society.
Norconsult’s delivery model is centred around knowledge hubs and local presence through approximately 6,000 employees across more than 130 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.
The public listing of the company attracted strong interest from high quality investors, including broad participation from leading Norwegian institutions, as well as selected tier 1 Nordic and international long only investors. In addition, approximately 2 300 Norconsult employees and more than 3 300 retail investors subscribed for shares in the offering, further expanding the company’s shareholder base.
“This is big day for Norconsult, and I am very proud of today’s listing. Oslo Børs allows the company to assess strategic opportunities that require financial flexibility to a greater extent, while at the same time safeguarding the interests of our skilled employees and the company's strong culture,” says Nils Morten Huseby, Chairman of the Board of Norconsult.
On the day of listing, the share price was set at NOK 19 and the price implies a market capitalisation of the company of approximately NOK 5.7 billion. This is the seventh and largest listing so far in 2023 on Oslo Børs markets.
For further information, please contact:
Henrik Charlesen, communication advisor, +4792636088, henrik.charlesen@norconsult.com
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 centered around knowledge hubs and local presence through approximately 6,000 employees across more than 130 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland. (Figures as of 30.06.2023)