Alpha Corporate Finance has acted as exclusive financial advisor to Dr. techn. Olav Olsen and its shareholders in the transaction.
Dr. techn. Olav Olsen is an independent structural engineering and marine technology consultancy established in 1962, with world leading competences within heavier concrete structures such as floating wind foundations, bridges, quays, industrial plants and offshore platforms. Recent projects include the seed vault in Longyearbyen, Hywind Tampen wind farm projects, Arctic LNG 2 terminals and Moss railway station. The company has 110 employees and a revenue of above NOK 200m (EUR 18.2m). The sale to Artelia enables Dr. techn. Olav Olsen to continue its positive development without compromising its strong competence profile, and bring its unique competence internationally.
Artelia is a multinational, multidisciplinary consultancy, engineering and project management group specializing in the construction, infrastructure and industry sectors. With 5,900 employees and a turnover of EUR 681m in 2019, Artelia is established in more than 40 countries throughout Europe, Africa, the Middle East, Asia-Pacifica and the Americas. Artelia is 100% owned by its managers and employees.