Sandvika, 5 November 2025 (OSE: NORCO): Norconsult ASA ("Norconsult") has
entered into a definitive agreement to acquire 100% of the shares of Metier
Group AS ("Metier"), a leading Norwegian consultancy specialized in project
management, business development, digitalisation and educational
programs from Tetra Tech RPS Energy Limited.
Metier is headquartered in Oslo and has 250 employees. The company serves a
broad and diverse client base across both public and private customers. Metier
has a strong brand and a solid reputation in the Norwegian market.
For the twelve-month period ending 30 June 2025, Metier reported net
revenue (according to Norconsult definition) of NOK 494 million, and an adjusted
EBITA of NOK 60 million, corresponding to an adjusted EBITA margin of 12%.
"Metier brings valuable expertise in several areas that we have been looking to
strengthen, particularly within project management and early phase
consulting. There is also a strategic fit with Metier's educational services
related to project management. In addition, Metier's digital business is
complementary compared to Norconsult's digital services. Altogether, this
acquisition represents a strategic milestone in our journey to become the
leading full-service interdisciplinary consultancy in the Nordics. We look
forward to welcoming the Metier team to Norconsult" said Egil Hogna, CEO of
Norconsult.
"Joining Norconsult unlocks existing opportunities for both our team and
clients.?We are confident that, under the ownership of Norconsult, Metier will
continue to grow both professionally and organisationally. We have known
Norconsult for many years and share a strong commitment to delivering high
-quality solutions and creating long-term value. We are looking
forward to becoming a part of the Norconsult group," said Halvard S. Kilde, CEO
of Metier.
Norconsult will acquire Metier based on an Enterprise Value of NOK 480 million.
The final equity purchase price is subject to customary net debt and
normalisation of working capital adjustments. The transaction will be settled in
cash, partially financed by a NOK 400 million Term Loan Facility.
Closing is subject to approval by the Norwegian Competition Authority, with
completion expected in December 2025.
For further information, please contact:
Investors: Christian Salbu Aasland, SVP Investor Relations & Business
Intelligence, IR@norconsult.com
Media: Henrik Charlesen, Senior Communication
Advisor, Henrik.Charlesen@norconsult.com
The information included in this announcement is defined as inside
information pursuant to article 7 of the Marker Abuse Regulation ("MAR") and is
publicly disclosed in accordance with article 17 of MAR and section 5-12 of the
Norwegian Securities Trading Act.
This stock exchange announcement was published by Elin Spieler, Head of Treasury
& IR Manager of Norconsult ASA, at the date and time as set out above.
***
About Norconsult
Norconsult 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 7 000 employees across more than 140 offices in
Norway, Sweden, Denmark, Iceland, Poland and Finland.