Multiconsult acquires Roar Jørgensen AS

30 Nov 2022 14:00 CET

Multiconsult ASA (OSE: MULTI) has entered into an agreement to purchase 100 per
cent of the shares of the consulting engineering company Roar Jørgensen AS based
in city of Hønefoss, Norway. With the acquisition and a new office in Hønefoss,
Multiconsult strengthens its competence and market position in an exciting
geographical area.

Roar Jørgensen currently has 38 employees with areas of expertise that includes
construction engineering, fire engineering, project administration and
architecture. The company has a strong reputation and a solid market position in
the private and in the public market.

For 2021, Roar Jørgensen recorded operating revenues of NOK 58.6 million, EBIT
of NOK 13.5 million and net profit (after tax) of NOK 10.6 million. The
consideration will be settled with cash and shares with an expected closing in
December 2022. The share price will be based on the volume weighted average
share price of Multiconsult five days consecutive trading days in the week prior
to closing. Roar Jørgensen AS will continue as a standalone subsidiary of
Multiconsult ASA.

"We are very happy that Roar Jørgensen has chosen to become part of
Multiconsult. With the acquisition, we secure additional competence and presence
in the region especially towards the construction management and fire
engineering. With the skilled employees in Roar Jørgensen we will further
improve our capabilities and market position", says Leif Olav Bogen, Executive
Vice President of Regions Norway at Multiconsult.

"This strategic acquisition confirms that we are on schedule to deliver on our
strategic ambitions and that the owners have accepted shares as part of the
consideration shows strong support and commitment to the success of this
business combination", says Bogen.

"We are proud and happy to join the professional and strong team in Multiconsult
and look forward to getting to know the company better, and the opportunities
that follow." says general manager John Dæhli of Roar Jørgensen.

For further information, please contact:

   Investor relations:
   Ove B Haupberg, CFO & EVP
   Phone: +47 401 00 900
   E-mail: ovbh@multiconsult.no

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

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