ÅF has completed the transactions with Reinertsen
(Thomson Reuters ONE) -
For further information:
Jonas Wiström, President and CEO +46 70 608 12 20
Mats Påhlsson, President Infrastructure Division +46 70 534 64 00
The conditions for the transactions between ÅF and the Norwegian engineering
consultancy company Reinertsen are now fulfilled. The transactions were
completed as per February 1, 2016 and increase ÅF revenues with MSEK 450,
whereof MSEK 300 in Norway and MSEK 150 in Sweden.
As previously announced, ÅF and Reinertsen agreed in December 2015 to merge
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. Furthermore, it was agreed that
ÅF was to acquire Reinertsen's Swedish Infrastructure business. All conditions
for the completion of the transaction are now fulfilled and the mergers are
concluded as per February 1, 2016.
The businesses forming the jointly owned company - ÅF Reinertsen AS - has
approximately 350 employees located in Trondheim, Oslo, Bergen, Lilleström and
Sandefjord. ÅF has an ownership of 51% and Reinertsen 49%. Kristian Reinertsen
holds the position as CEO. The number of ÅF employees in Norway now amounts to
approximately 650.
The Swedish Reinertsen operation within Infrastructure, Buildings and
Installations, acquired by ÅF to 100%, has 180 employees in Gothenburg,
Stockholm, Malmö and Luleå.
The operations in Sweden as well as in Norway are part of the Infrastructure
Division.
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/1983847/727135.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ÅF AB via GlobeNewswire
[HUG#1983847]
Unternehmensinformation / Kurzprofil:
Datum: 04.02.2016 - 16:00 Uhr
Sprache: Deutsch
News-ID 448799
Anzahl Zeichen: 2871
contact information:
Town:
Stockholm
Kategorie:
Business News
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"ÅF has completed the transactions with Reinertsen"
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