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2015-12-22

ÅF AB: ÅF strengthens its position within infrastructure together 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

ÅF and the Norwegian engineering consultancy company Reinertsen are merging
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. ÅF also acquires
Reinertsen's Swedish Infrastructure business.

The businesses forming the jointly owned company - ÅF Reinertsen AS - will
have a turnover of approximately 450 NOK in 2015. ÅF will own 51% and
Reinertsen 49%. Kristian Reinertsen will hold the position as CEO. The
approximately 350 employees are located in Trondheim, Oslo, Bergen,
Lilleström and Sandefjord. The number of ÅF employees in Norway will after
the transaction amount to approximately 650.

The Swedish Reinertsen operations within Infrastructure, Buildings and
Installations, to be acquired by ÅF to 100%, generate revenues of
approximately 160 MSEK in 2015. The 185 employees are located in Gothenburg,
Stockholm, Malmö and Luleå. The operations will be part of Infrastructure
Division, headed by Mats Påhlsson.

"I am pleased that ÅF through the partnership with such an established and
respected partner as Reinertsen gets the opportunity to develop a joint
offering to the attractive infrastructure market in Norway," says Jonas
Wiström, President and CEO of ÅF.

"Together with ÅF we will be a stronger and more complete partner to our
customers", says Erik Reinertsen, Director of the Board of Reinertsen. "In
addition to the resources in our new joint venture company, we will be able
to offer the Norwegian customers the competence and experience of more than
2000 infrastructure engineers from ÅF in Sweden."

"The Swedish operations of Reinertsen are appreciated reinforcements to our
division", says Mats Påhlsson, head of Infrastructure Division. "There are
many interesting projects on the market for which we, through these added
capabilities, will be able to offer even better solutions to our customers."

The transaction in Norway will be subject to notification to the Competition
Authority. ÅF Advansia AS and Reinertsen's other businesses are not part of
the transaction.

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)
http://hugin.info/1253/R/1974837/722616.pdf

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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

HUG#1974837

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