ÅF acquires construction management company Erstad & Lekven Oslo AS

For further information:

Rune Hardersen, CEO, ÅF Advansia, +47 413 05 883
Dag Trætten, Managing Director, Erstad & Lekven Oslo, +47 900 49 156
Mats Påhlsson, President, ÅF, Infrastructure Division, +46 70 534 64 00

As of 10 December 2015, ÅF is acquiring all the shares in Erstad & Lekven Oslo AS, through ÅF Advansia in Norway. The merger strengthens ÅF's costumer offering within project management and construction management in the Oslo area and South-eastern parts of Norway.

Erstad & Lekven Oslo AS is an experienced participant in the Norwegian construction management market. The company was founded in 1989 and is focusing on the Eastern region of Norway. Erstad & Lekven Oslo AS has 40 employees and the annual turnover 2014 was MNOK 57.

ÅF Advansia is a major actor in the management of large, complex, onshore construction projects in Norway. Prior to the merger with Erstad & Lekven Oslo, ÅF Advansia has 220 employees and sales of MNOK 490 in 2014. The ÅF Group has a total of 7,800 employees and projects worldwide, whereof approximately 400 employees in Norway.

"At ÅF Advansia we already know Erstad & Lekven well. We have worked together on several projects in the past and we share important core values. Both companies have extensive experience with management of large and complex land-based construction projects. Strategically, we have major similarities and coinciding values, like an uncompromising focus on quality", says Rune Hardersen, CEO at ÅF Advansia.

Corporate Communication
ÅF AB (publ)

The information contained in this press release is such that ÅF is required to disclose pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on 10 November, 2015

ÅF is an engineering and consulting company for the energy, industrial and infrastructure markets, creating progress for our clients since 1895. By connecting technologies we provide profitable, innovative and sustainable solutions to shape the future and improve people's lives. Building on our strong base in Europe, our business and clients are found all over the world.

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