Norconsult acquires infrastructure consulting company Wermlands Infrakonsult AB

04 Jun 2024 08:00 CEST

Sandvika, 4 June (OSE: NORCO): Norconsult Sverige AB, a subsidiary of Norconsult
ASA, has acquired the Swedish infrastructure consulting company Wermlands
Infrakonsult AB (WIKON).

WIKON specialises in water and sewage, land, traffic, roads and streets with
both public and private customers. The company was established in 2011 and
offers services in investigation, design, project and construction management as
well as inspection. Over the years, WIKON has carried out many different types
of assignments in both turnkey contracts and partnering, for municipalities as
well as Trafikverket (the Swedish Transport Administration) and construction
companies.

WIKON has 11 employees and recorded revenues of NOK 19 million in the fiscal
year ending April 2024.

"Norconsult's ambition is to offer our clients interdisciplinary expertise
through local presence. We already have a position in Värmland, and with the
acquisition of WIKON we strengthen our infrastructure services in this part of
the Swedish market," says Farah Al-Aieshy, EVP Sweden at Norconsult.

The acquisition is expected to close in the third quarter of 2024.

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

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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 6,300 employees across around 140 offices in Norway, Sweden,
Denmark, Iceland, Poland and Finland.

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