Sandvika, 13 December 2024 (OSE: NORCO): Norconsult has acquired the Swedish infrastructure consulting company Sigma Civil AB. The acquisition aligns with Norconsult's strategy of Nordic growth and local presence, and is set to broaden Norconsult's expertise, while expanding its geographical footprint in the Swedish market.

Sigma Civil has 125 employees, with offices in Malmö (head office), Göteborg, Umeå and Karlstad.  The Company specialises in water and sewage, landscape planning, traffic, roads and streets, project management, environment and construction, serving predominantly public sector clients.   

"We are pleased to announce the acquisition of Sigma Civil, a company with highly experienced consultants and strong relationships with its clients. Through the acquisition, we both strengthen our existing expertise in various market segments and expand the business. We look forward to welcoming the Sigma Civil team to Norconsult," says Farah Al-Aieshy, EVP Sweden at Norconsult.

Sigma Civil had net revenues of SEK 120 million in 2023. The acquisition is expected to generate both cost and revenue synergies.

Anders Dannqvist, CEO of Sigma Civil, comments:

"Norconsult is an ideal partner with a strong strategic alignment between our companies. We complement each other in business and culture, establishing a solid foundation for the continued development and profitable growth of Sigma Civil's employees."

The transaction is expected to close in the first quarter of 2025.

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For further information, please contact:

Investors: Elin Spieler, Head of Treasury and IR Manager, IR@norconsult.com

Media: Henrik Charlesen, Senior Communication Advisor, henrik.charlesen@norconsult.com

About Norconsult

Norconsult is a leading pan-Nordic interdisciplinary consulting firm, combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult's delivery model is centred around knowledge hubs and local presence through approximately 6,500 employees across around 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.