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ÅF AB: ÅF acquires Vatten & Miljöbyrån

For further information:

| Mats Påhlsson, President Infrastructure Division +46 70 534 64 00 |
| Marta Tiberg, Head of Communication and Brand +46 73 072 70 48 |
ÅF is acquiring Vatten&Miljöbyrån, who provides consultancy services to
Sweden's municipal water and sewerage industry.
For ÅF the acquisition will mean the establishment of a comprehensive
Environment and Water offering.

Urbanisation, climate change, stricter quality requirements and access to
clean water are factors behind the increasing level of demand for engineering
services in the field of water and sewerage. The acquisition of
Vatten&Miljöbyrån gives ÅF a platform to develop and strengthen a
comprehensive offering, since it complements ÅF's existing skills and
services in this area.

"We're delighted to welcome Vatten&Miljöbyrån to ÅF. Water supply is an
essential service and sustainable solutions that satisfy today's high
standards for availability, quality and environmental consideration are in
high demand among our clients," said ÅF's President and CEO, Jonas Wiström.

Vatten&Miljöbyrån's core expertise includes drinking water supply and safety,
water treatment and distribution and waste management, along with practical
and theoretical work at all stages in the field of water and sewerage.
Through the acquisition, ÅF will gain 24 new colleagues based in northern
Sweden, bringing the total number of employees in the Environment business
area to around 110.

"We're looking forward to being part of ÅF. ÅF's wide-ranging capabilities
will enable us to take on assignments that span several areas of engineering,
develop by learning from each other and offer our clients multiple services
from a single supplier," said Robert Jönsson, owner and CEO of

Vatten&Miljöbyrån has annual sales of SEK 30 million and the company will be
consolidated as of 1 February 2017.

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)

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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