#Norway #Oslo #Multiconsult #Rejlers #Nordic Consultancy

Multiconsult and Rejlers Join Forces in Historic Merger

In a landmark decision on September 7, 2026, Multiconsult ASA and Rejlers AB announced a strategic merger, creating a leading pan-Nordic multidisciplinary consultancy group known as Multiconsult Rejlers. This merger is not merely a corporate acquisition; it's a union of equals designed to enhance both companies' capabilities, expand their market presence, and drive long-term growth in the Nordic region.

Merger Overview

Both companies' Boards of Directors unanimously approved the merger plan, which stipulates that shareholders of Multiconsult will receive 0.9725 class B shares of Rejlers for each share they own. Following the merger, Multiconsult shareholders will hold 54% and Rejlers shareholders will hold 46% of the combined entity.

As a result of this merger, the new organization will leverage the combined expertise of nearly 8,000 employees. This prominent group will blend complementary disciplines in engineering, architecture, advisory services, and design, positioning itself as a significant player in key sectors like Energy and Industrial markets.

Creating a Stronger Entity

The new entity aims to increase its competitive edge by offering improved service capabilities and support for large-scale projects. With a focus on cost efficiency, the merger is expected to generate annual synergies of approximately SEK 100-120 million within three years. Both companies have a strong legacy of profitable growth, providing confidence that this merger will yield substantial benefits for their stakeholders.

Multiconsult, with a robust presence in Norway, and Rejlers, known for its expertise in Sweden and Finland, share common values and cultures, making this merger a natural fit. This combination enables the group to harness synergies efficiently and expand its footprint into new markets and sectors.

Strategic Rationale for the Merger

The motivation behind the merger is underlined by several key strategic points:

• - Market Leadership: The new group will be positioned as a formidable competitor in the energy and industrial sectors, catering to both local and international clients, and expanding their reach to transformative Nordic projects.
• - Attractive Employment Landscape: This merger fosters an environment that is conducive to attracting and developing talent, thus ensuring a skilled workforce committed to quality and innovation.
• - Enhanced Client Value Proposition: By delivering integrated services that marry architecture and engineering, the merged group can better serve complex client needs and address multidisciplinary challenges across various geographies.
• - Financial Strength: With a market capitalization nearing SEK 8 billion post-merger, Multiconsult Rejlers will enjoy a stronger position in capital markets, further enabling investments in employee development and ambitious projects.

Leadership Structure

The new executive team will consist of industry leaders:

• - Viktor Svensson will take the helm as President and CEO, injecting his vision into the newly formed organization.
• - Kristin O. Augestad will serve as Deputy CEO, bringing insights critical for steering the company toward its goals.

The headquarters will be strategically located in Stockholm, with a main office in Oslo, ensuring that the company remains closely connected with its operational roots in key regions.

A Path Forward

The merger will be officially completed following extraordinary general meetings for approval scheduled for October 19, 2026. If passed, shares of the newly formed entity will be traded on both Nasdaq Stockholm and Euronext Oslo Børs, connecting with investors across both platforms.

This move marks a significant transformation for both companies, aligning their strengths to foster further growth and innovation. The merger stands as a testament to their commitment to creating long-term shareholder value while addressing the evolving needs of their clients across multiple sectors, including Renewable Energy, Infrastructure, and Industrial Development.

With this merger, Multiconsult and Rejlers not only enhance their market positions but also set a precedent for collaboration in the Nordic consultancy landscape, aiming for sustainability, efficiency, and value creation in every project they undertake.