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ÅF AB: ÅF has completed the transactions with Reinertsen

| For further information: |
| Jonas Wiström, President and CEO +46 70 608 12 20 |
| Mats Påhlsson, President Infrastructure Division +46 70 534 64 00 |
The conditions for the transactions between ÅF and the Norwegian engineering
consultancy company Reinertsen are now fulfilled. The transactions were
completed as per February 1, 2016 and increase ÅF revenues with MSEK 450,
whereof MSEK 300 in Norway and MSEK 150 in Sweden.

As previously announced, ÅF and Reinertsen agreed in December 2015 to merge
their Norwegian businesses within Infrastructure, Buildings and Installations
in one jointly owned company. The merged operations will be the foundation
for growth in the Norwegian infrastructure market. Furthermore, it was agreed
that ÅF was to acquire Reinertsen's Swedish Infrastructure business. All
conditions for the completion of the transaction are now fulfilled and the
mergers are concluded as per February 1, 2016.

The businesses forming the jointly owned company - ÅF Reinertsen AS - has
approximately 350 employees located in Trondheim, Oslo, Bergen, Lilleström
and Sandefjord. ÅF has an ownership of 51% and Reinertsen 49%. Kristian
Reinertsen holds the position as CEO. The number of ÅF employees in Norway
now amounts to approximately 650.

The Swedish Reinertsen operation within Infrastructure, Buildings and
Installations, acquired by ÅF to 100%, has 180 employees in Gothenburg,
Stockholm, Malmö and Luleå.

The operations in Sweden as well as in Norway are part of the Infrastructure

Corporate Communications
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.

ÅF - Innovation by experience

Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ÅF AB via Globenewswire


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