Norconsult has entered into a definitive agreement to acquire the Aas-Jakobsen Group, a Norwegian engineering consultancy, for NOK 1,430 million, aimed at enhancing its public infrastructure services.

Information on the Target

The Aas-Jakobsen Group, comprising Dr. Ing. A. Aas-Jakobsen AS, Dr. Ing. A. Aas-Jakobsen Trondheim AS, and Geovita AS, is a prominent engineering consultancy based in Norway. With a workforce of approximately 230 employees, the company specializes in delivering engineering services primarily for the public infrastructure sector, thereby playing a crucial role in enhancing Norway's infrastructure landscape.

Headquartered in Oslo, Aas-Jakobsen has established itself as a leader in handling complex multidisciplinary infrastructure and building projects. The company was previously under employee and family ownership, marking a significant transition with the impending sale to Norconsult.

Industry Overview in Norway

Norway's engineering consultancy industry is characterized by a strong focus on innovation and sustainability, driven by the country's commitment to developing its infrastructure in a manner that a