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2022-11-30

Multiconsult acquires Roar Jørgensen AS

Multiconsult ASA (OSE: MULTI) has entered into an agreement to purchase 100 per cent of the shares of the consulting engineering company Roar Jørgensen AS based in city of Hønefoss, Norway. With the acquisition and a new office in Hønefoss, Multiconsult strengthens its competence and market position in an exciting geographical area.

Roar Jørgensen currently has 38 employees with areas of expertise that includes construction engineering, fire engineering, project administration and architecture. The company has a strong reputation and a solid market position in the private and in the public market.

For 2021, Roar Jørgensen recorded operating revenues of NOK 58.6 million, EBIT of NOK 13.5 million and net profit (after tax) of NOK 10.6 million. The consideration will be settled with cash and shares with an expected closing in December 2022. The share price will be based on the volume weighted average share price of Multiconsult five days consecutive trading days in the week prior to closing. Roar Jørgensen AS will continue as a standalone subsidiary of Multiconsult ASA.

"We are very happy that Roar Jørgensen has chosen to become part of Multiconsult. With the acquisition, we secure additional competence and presence in the region especially towards the construction management and fire engineering. With the skilled employees in Roar Jørgensen we will further improve our capabilities and market position", says Leif Olav Bogen, Executive Vice President of Regions Norway at Multiconsult.

"This strategic acquisition confirms that we are on schedule to deliver on our strategic ambitions and that the owners have accepted shares as part of the consideration shows strong support and commitment to the success of this business combination", says Bogen.

"We are proud and happy to join the professional and strong team in Multiconsult and look forward to getting to know the company better, and the opportunities that follow." says general manager John Dæhli of Roar Jørgensen. 

For further information, please contact:

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

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

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