Information on the target
Multiconsult Group and Rejlers Group have announced a strategic merger that will form Multiconsult Rejlers, a significant player in the Nordic engineering consultancy market. This merger aims to leverage the strengths of both companies, combining their expertise and resources to enhance service offerings across various sectors. Viktor Svensson from Rejlers will assume the role of President and CEO of the newly formed entity, while Kristin O. Augestad from Multiconsult will continue as CEO of Multiconsult Norway and take on the position of Deputy CEO.
The newly established Multiconsult Rejlers will boast a workforce of approximately 8,000 employees and projected combined revenues of around SEK 11.7 billion, with an adjusted EBITA of SEK 795 million. The merger will create a robust presence in Norway, Sweden, and Finland, while also extending operations into Poland, Denmark, the U.K., and the UAE. The complementary geographic footprints and expertise of both companies are expected to drive significant growth and innovation in the engineering consultancy sector.
Industry overview in the target’s specific country
The Civil Engineers & Architects industry in the Nordic region, particularly in Norway, is characterized by a strong demand for infrastructure development and sustainable building practices. The Norwegian government has prioritized investments in infrastructure to support economic growth and improve public services, leading to a flourishing market for civil engineering and architectural services. This focus on sustainability aligns with global trends, as Norway aims to reduce its carbon footprint and enhance energy efficiency in construction.
Norway's unique geographical landscape presents both challenges and opportunities for civil engineers and architects. The need for innovative solutions to address the complexities of building in mountainous and coastal areas has spurred advancements in engineering techniques and architectural design. As a result, firms in this sector are increasingly adopting cutting-edge technologies, such as Building Information Modeling (BIM) and sustainable materials, to enhance project outcomes and client satisfaction.
Furthermore, the industry is witnessing a growing emphasis on collaboration between engineering and architectural firms, as integrated project delivery models gain traction. This trend is particularly evident in large-scale projects, where multidisciplinary teams work together to optimize design and construction processes. The merger of Multiconsult and Rejlers is a strategic response to this evolving landscape, positioning the combined entity to capitalize on emerging opportunities in the civil engineering and architecture sectors across the Nordic countries.
The rationale behind the deal The merger between Multiconsult Group and Rejlers Group is driven by the strategic objective of creating a leading engineering consultancy capable of addressing the increasing demand for comprehensive and innovative sol…