Multiconsult ASA (OSE: MULTI) has entered into an agreement to purchase 100% of the shares in Erichsen & Horgen AS, a leading Norwegian engineering consultancy with a strong market position within buildings construction, HVAC, WWT, energy, environment and sustainability.
Alpha Corporate Finance has acted as financial advisor to Erichsen & Horgen AS and its shareholders in the transaction.
About Erichsen & Horgen: Established in 1925, Erichsen & Horgen AS is a leading specialist engineering consultancy within building services in Norway. The company is often a preferred partner in projects due to its unique competence and capacity. E&H has an especially strong position within health facilities and laboratories, and has a significant order backlog in this area. In 2020, revenues and EBIT were NOKm 331 and NOKm 31, respectively.
About Multiconsult: Multiconsult ASA is one of the leading firms of consulting engineers and designers in Norway. The company delivers multidisciplinary consulting and design, project engineering and management, verification, inspection and supervision – to customers in Norway and abroad. In 2020, revenues and EBIT were NOKm 3661 and NOKm 371, respectively.
The enterprise value (EV) of Erichsen & Horgen is agreed at NOKm 410 - on a cash and debt free basis.