The shareholders of the Aas-Jakobsen Group “Aas-Jakobsen” have entered into a definitive agreement to sell their shares in the Aas-Jakobsen Group to Norconsult. Aas-Jakobsen comprises Dr. Ing. A. Aas-Jakobsen AS, Dr. Ing. A. Aas-Jakobsen Trondheim AS and Geovita AS. Aas-Jakobsen has 230 employees and operates primarily in Norway, with offices in Oslo and Trondheim. The company provides engineering services mainly for the public infrastructure sector. Norconsult will acquire Aas-Jakobsen based on an Enterprise Value of NOK 1 430 million (EUR 125 million), representing 13.9x 2024 Adjusted EBITA.
The transaction will require approval from the Norwegian Competition Authority. Closing is expected to take place in August 2025.
Advised in the sale of
Aas-Jakobsen group of companies
to