Multiconsult Group acquires the Danish architect company Aarhus arkitekterne

Oslo 12 December 2016 – Multiconsult Group acquires the Danish architect company Aarhus arkitekterne and thereby further strengthens its position in the Scandinavian market for hospitals.

Multiconsult’s subsidiary LINK arkitektur AS has entered into agreements with the shareholders in aarhus arkitekterne A/S for the acquisition of 100% of the shares in aarhus arkitekterne.

aarhus arkitekterne will become an integrated part of LINK arkitektur. The transaction will be settled on 12 December 2016 and aarhus arkitekterne will change the name to LINK arkitektur during the first quarter of 2017. The total purchase price is DKK 49.2 million. The acquisition will be settled in cash and financed through Multiconsult’s existing credit facilities.

With the acquisition, LINK arkitektur will be one of the largest architect companies in Scandinavia with significant presence in Norway, Sweden and Denmark with approximately 440 employees. Originating back in 1909, aarhus arkitekterne is a well-managed Danish architect company with approximately 90 employees working from offices in Aarhus and Copenhagen.

New step towards establishing a leading position within health buildings in Scandinavia
aarhus arkitekterne is a market leader within health buildings in Denmark and has a strong track-record within large-scale projects. aarhus arkitekterne is currently engaged in architecture, design, planning and consulting in all stages, from concept development to construction management and technical oversight.

“We view aarhus arkitekterne as a very attractive architectural group. We believe that they will further strengthen LINK arkitektur’s architectural competence as well as empower the Multiconsult group with expertise within health buildings, urban design and execution of large and complex projects. As a group, we have a clear ambition to establish a leading position within health buildings and urbanism in Scandinavia. aarhus arkitekterne will be an important contributor towards realising this ambition”, says Christian Nørgaard Madsen, CEO of Multiconsult.

For further information, please contact:

Investor relations:
               Mirza Koristovic, Head of Investor Relations
               Phone: +47 93 87 05 25
               E-mail: ir@multiconsult.no  

Media:
              Gaute Christensen, VP Communications
              Phone: +47 911 70 188
              E-mail: gaute.christensen@multiconsult.no   

ABOUT MULTICONSULT ASA
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 250 employees and 45 offices in Norway and abroad. The Company focuses on seven market areas: Buildings & Properties, Transport & Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and Architecture. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2015 Multiconsult completed more than 9 000 projects for approx. 4 000 different customers.