#Stockholm #Norway #Multiconsult #Rejlers #Nordic Merger

Multiconsult and Rejlers Join Forces to Create a Pan-Nordic Consultancy Giant

In a significant move within the consultancy sector, Multiconsult ASA and Rejlers AB have announced a merger of equals aimed at forging a formidable pan-Nordic multidisciplinary consultancy group. This collaboration marks a pivotal transformation in the landscape of engineering and consultancy services across the Nordic region.

Merger Highlights

On September 7, 2026, both companies revealed that their boards of directors had endorsed a joint merger plan. Under this arrangement, shareholders of Multiconsult will receive 0.9725 shares of Rejlers class B stock for each Multiconsult share they own, leading to a resulting ownership structure of 54% for Multiconsult shareholders and 46% for Rejlers shareholders in the newly formed entity, aptly named Multiconsult Rejlers.

This newly formed group is set to emerge as a leader in providing essential services within the energy and industry sectors, while also enhancing collaboration opportunities among nearly 8,000 employees from both companies. This merger is anticipated to unlock new avenues for growth, reveal synergies in costs, and promote extensive collaboration in various market segments.

Strategic Synergies Across the Nordic Region

Multiconsult and Rejlers, both with rich histories and established cultures, are poised to benefit significantly from this merger. The complementary expertise of Multiconsult in areas such as building, properties, and water management combined with Rejlers’ strengths in energy and infrastructure create a robust platform primed for delivering exceptional services across geography.

The strategic rationale behind this alliance is to leverage shared talents and improve the appeal as an employer by providing employees with enriched learning and professional development opportunities. The merger aims to facilitate engagement in complex, innovative projects while enhancing collective capabilities.

Financial Implications and Growth Potential

With an expected market capitalization approaching SEK 8 billion, Multiconsult Rejlers is poised to tap into aggressive growth estimates of 10% revenue growth per year, while also striving to maintain an EBITA margin of 10%. Financial projections attracted attention, forecasting cost synergies estimated between SEK 100-120 million annually within the next three years. From a market standpoint, being dual-listed on Nasdaq Stockholm and Euronext Oslo Børs enhances their visibility and capital access, ensuring robust investor confidence and support.

Empowering Employees and Cementing Market Position

The merger is not only a financial strategy; it’s about creating a dynamic workspace for employees. Both Multiconsult and Rejlers have demonstrated commitment to employee welfare through training and elevation of workplace standards, thus promising a fulfilling environment fueled by innovation. Leadership will consist of Viktor Svensson serving as President and CEO, alongside Kristin O. Augestad as Deputy CEO, ensuring continuity and strategic insight in managing the group's aspirations post-merger.

Conclusion

The merger of Multiconsult and Rejlers stands as a monumental milestone in building a pan-Nordic powerhouse that underscores the significance of collaboration and integration in the modern corporate landscape. It signifies not just an amalgamation of two companies, but a thriving evolution that is set to reshape the consultancy sector in the Nordic region. As the companies navigate towards completion in late 2026 or early 2027, stakeholders and industry observers await the subsequent developments with keen interest.