Multiconsult acquires remaining shares in LINK arkitektur AS2015-08-11
Multiconsult ASA ("Multiconsult") has entered into agreements with the other shareholders in LINK arkitektur AS for the acquisition of the remaining 68 per cent of the shares. Following completion of these transactions, Multiconsult, previously owning 32 per cent of the shares, will own 100 per cent of the shares in LINK arkitektur AS. The sellers are Målsnes Invest AS, Tviberg AS, Onafyr AS, Halleraker AS, Paladio AS (representing four employed shareholders) and WSP Europe AB.
LINK arkitektur AS is one of the leading architect offices in Scandinavia, with a pan-Nordic presence in major cities and regions in Norway, Sweden and Denmark. The company has a strong track record on returns, driven by steady growth on the basis of a solid financial position. LINK arkitektur represents an excellent strategic fit for Multiconsult, offering the potential for significant value creation through operational synergies as well as further strengthened value proposition to customers. Stronger ties and enhanced cooperation will enable Multiconsult and LINK arkitektur to jointly meet the growing demand from both the public and private sector for integrated engineering and architect consultancy services.
“I am very pleased to see that after several years of cooperation and part ownership, Multiconsult has decided to include architecture as an important part of its service offering. The market for architect services in the Nordic countries is changing rapidly with growing demand for quality, competence and capacity. Several companies in this business have established presence across the region, including Norway, Sweden and Denmark, considering the Nordic region as their home market. We see great opportunities to continue and further strengthen LINK arkitektur as one of the leading architect offices in the Nordic region, driven by a single owner with strong impact” says Rolf Maurseth, acting managing director of LINK arkitektur.
Multiconsult intends to maintain LINK arkitektur as a separate brand within the Multiconsult group, organized as a wholly owned subsidiary, fully consolidated in group financials.
LINK arkitektur recorded total revenues of NOK 361.2 million and net profit of NOK 14.7 million in 2014. LINK arkitektur has approximately 200 employees in Norway, 150 employees in a fully owned subsidiary in Sweden and 5 employees in a Danish subsidiary.
The board of directors of LINK arkitektur currently consists of Trond Dahle (chair), Christian N. Madsen, Geir Odd Målsnes, Svein K. Halleraker, Magnus Meyer, Liv-Kristine Rud (employee elected), Erlend Rudjord (employee elected). The acting managing director of LINK arkitektur is Rolf Maurseth.