ÅF acquires Solid Engineering AS
(Thomson Reuters ONE) -
For further information:
Per Magnusson, President, Industry Division, +46 70 676 64 26
As part of ÅF''s growth strategy and ambition to strengthen its position in the
sector Transmission and Distribution, ÅF is acquiring the Norwegian energy
technology consulting company Solid Engineering AS.
Solid Engineering AS was founded in 2002 and provides strategy and engineering
consulting services for the Norwegian energy market.
The company''s core expertise includes project management, construction
management and quality and safety assurance of high-voltage power lines. Its
largest client is Statnett SF.
"Norway is a priority growth market for ÅF. Together, ÅF and Solid will be a
leading supplier of engineering consulting services to the Nordic energy market,
creating added value for both clients and employees," said Per Magnusson,
President, Industry Division, ÅF.
"Solid has been supplying high quality engineering services on the Norwegian
market since the company started back in 2002. Solid will now join one of the
Nordic region''s largest and most proficient engineering teams. We''re looking
forward to being part of ÅF and generating new business together," commented Tor
Magne Johansen, CEO of Solid Engineering AS.
Solid Engineering AS and its subsidiary Solid Consult AS, which is also included
in the acquisition, have a combined total of around 70 employees and sales of
approximately NOK 100 million. The companies will continue to be based in Molde.
Solid Engineering will be consolidated as of 1 October 2016, and will be
integrated in ÅF''s Industry Division.
ÅF is an engineering and consulting company with assignments in the energy,
industrial and infrastructure sectors, creating progress for our clients since
1895. By connecting technologies, we provide profitable, innovative, and
sustainable solutions to shape the future and improve people''s lives. Building
on our strong base in Europe, our business and clients are found all over the
world.
ÅF - Innovation by experience
Press release (PDF):
http://hugin.info/1253/R/2045522/764167.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ÅF AB via GlobeNewswire
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Datum: 30.09.2016 - 03:30 Uhr
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