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2016-09-05

ÅF AB: ÅF acquires Ingenjörsprojekt Sverige AB

For further information:

Per Magnusson, President, ÅF Industry Division, +46 70 676 64 26
Ola Boreson, Business Area Manager South, Industry Division, +46 70 525 25 27

ÅF has acquired Ingenjörsprojekt with over 60 employees in Karlshamn, Växjö
and Lund. Ingenjörsprojekt provides engineering and consulting services in
product and production development as well as industrial project management.

"Ingenjörsprojekt has a good reputation in the market and their dedicated
employees and long-term client relationships fit well with ÅF's corporate
culture. The acquisition of Ingenjörsprojekt will also strengthen ÅF's local
presence in each city," says Per Magnusson, president of ÅF's Industry
Division.

Ingenjörsprojekt was established in 1985 and has had stable and profitable
growth since then. In addition to a wide range of services in project
management, product development and production development, Ingenjörsprojekt
provides its clients with an advanced range of visualisation and animation
services. Ingenjörsprojekt's clients are found in areas such as the
automotive, processing, telecommunications and consumer products industries.

"Together with ÅF, our employees will have better opportunities to develop in
new interesting projects and assignments, and for our clients it will open
the door to ÅF's entire range of services," says Joakim Hellkvist, CEO of
Ingenjörsprojekt.

Ingenjörsprojekt was acquired as per 1 September 2016 and forms a new market
area in the South business area within the Industry Division.

Corporate Communication
ÅF AB (publ)

ÅF is an engineering and consulting company with assignments in the energy,
industrial and infrastructure sectors, 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/2039590/760291.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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