The shareholders of the Aas-Jakobsen Group ( “Aas-Jakobsen”) have entered into a definitive agreement to sell their shares in the company to Norconsult. Aas-Jakobsen comprises Dr. Ing. A. Aas-Jakobsen AS, Dr. Ing. A. Aas-Jakobsen Trondheim AS and Geovita AS. Aas-Jakobsen has 230 employees and operates primarily in Norway, with offices in Oslo and Trondheim. The company provides engineering services mainly for the public infrastructure sector.

Norconsult will acquire Aas-Jakobsen based on an Enterprise Value of NOK 1 430 million, representing 13.9x 2024 Adjusted EBITA.

The transaction will require approval from the Norwegian Competition Authority. Closing is expected to take place in August 2025.

Alpha Corporate Finance has acted as exclusive financial advisor to the shareholders of Aas-Jakobsen in the transaction.

Aas-Jakobsen Group (https://www.aaj.no/) is a leading Norwegian engineering consultancy specializing in complex multidisciplinary infrastructure and building projects. The company is headquartered in Oslo, Norway and has around 230 employees. Prior to the sale to Norconsult, Aas-Jakobsen was owned by its employees and the Aas-Jakobsen family.

Norconsult (https://norconsult.no/) 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 6,600 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland. Norconsult is listed on the Oslo Stock Exchange.