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ÅF acquires ES-Konsult

Mon, 13/01/2014 - 08:30 CET

For further information:

 Per Magnusson, President, Industry Division          +46 70 676 64 26

 Viktor Svensson, Director Corporate Information      +46 70 657 20 26

ÅF acquires 100 percent of the shares in ES-Konsult Energi och Säkerhet AB with
revenues amounting to 70 MSEK, and strengthens its offer to customers within the
nuclear industry in Sweden and internationally.

ES-KONSULT Energi och Säkerhet AB provides expert services to the Swedish and
International nuclear industry in the areas of Safety analysis, Safety analysis
reports, Human factors, Education and Project management. Major customers
include Vattenfall, OKG, SKB (Svensk Kärnbränslehantering AB), SSM
(Strålskyddsmyndigheten) and KSU (Kärnsäkerhet och Utbildning). 56 employees and
experts are engaged in ES and the company has offices in Stockholm and
Gothenburg. Revenues during 2013 amounted to approximately 70 MSEK with good

Prior to the acquisition, ÅF has approximately 500 consultants and experts
engaged in the nuclear industry in Sweden and internationally. ÅF and ES have
had successful cooperations throughout the years; e.g. in projects at Ringhals,
within ÅF Nuclear Academy, and in a project regarding new nuclear power in

"The experts within ES have unique competences within for example Nuclear
Safety, long-term experience within the nuclear industry and are highly regarded
by the customers" comments Per Magnusson, President Industry Division. "As a
consequence of the merger with ES we will complement our offering and further
strengthen our competence in areas such as decommissioning."

The up-front consideration amounts to 27 MSEK, and in addition a deferred
consideration based on future earnings.

Corporate Information

The ÅF Group is a leader in technical consulting, with expertise founded on more
than a century of experience. We offer highly qualified services and solutions
for industrial processes, infrastructure projects and the development of
products and IT systems. Today the ÅF Group has more than 7,000 employees. Our
base is in Europe, but our business and our clients are found all over the

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