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2016-11-16

ÅF AB: ÅF acquires AB Teknoplan

For further information:

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| Björn Qvist, Business Area Manager Buildings +46 70 568 32 27 |
| Marta Tiberg, Head of Communication and Brand +46 70 608 12 20 |
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As part of its comprehensive growth strategy, ÅF acquires all shares in
Teknoplan AB. The acquisition strengthens ÅF's offer in technical
installations for buildings and infrastructure in the greater Stockholm area.

Teknoplan primarily designs electrical and telecom installations systems for
customers such as Stockholm Public Transport, the City of Stockholm, the
Swedish Transport Administration, healthcare real estate company Locum and
major property developers.

"Teknoplan has skilled, committed employees and long-standing customer
relationships, just like ÅF, which means that our company cultures fit well
together. This merger makes us a stronger partner for our customers in terms
of capacity as well as competence," says Jonas Wiström, President and CEO of
ÅF.

On the Stockholm market, there is high demand for the services in question
within infrastructure projects as well as in real estate development projects
related to new hospitals, commercial properties and housing.

"I am pleased that the competence built up within Teknoplan over the last 30
years is now transferred to ÅF. We look forward to continue providing high
quality services within our market segment," says Svante Lundqvist, CEO of
Teknoplan.

Teknoplan has 42 employees, based in the Stockholm district of Hammarby
Sjöstad, and annual revenues of approximately 50 MSEK.

The company will be consolidated from 1 January 2017 and integrated into the
ÅF Infrastructure division and the Buildings business area, under the
management of Björn Qvist.

Corporate Communication
ÅF AB

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)
http://hugin.info/1253/R/2057298/770774.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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