Oslo, 13 August 2015 – Multiconsult ASA has been awarded a contract from The Norwegian Public Roads Administration (Statens Vegvesen) for the Svegatjørn-Rådal section of E-39, the new main road between Os and Bergen in Western Norway. The contract has a value of approximately NOK 25 million and the majority of the assignment is scheduled to be completed by the end of 2018. Multiconsult will be responsible for project planning and preparation of tendering activity related to electro and control systems as well as construction follow-up.
-We are delighted to have been selected for such an important project, contributing to an efficient traffic flow and accessibility, as well as enhanced road and tunnel safety in the region. The contract award reflects our strong competence and capacity within the transportation and infrastructure sector, says Christian Nørgaard Madsen, CEO at Multiconsult ASA.
Largest Road Project
The new E-39 is one of the largest road projects in Norway. The Svegatjørn-Rådal section consists of 28 000 metres of main road, including 4 tunnels, says Mitra Hagen Negård, Head of Investor Relations in Multiconsult, and Gaute Christensen, VP Communications. Multiconsult based in Oslo , is well known for it`s Engeneering Quality buliding roads and secure tunnels, reports Nordic News.
Growing in Scandinavia
Multiconsult ASA («Multiconsult») has entered into agreements with the other shareholders in LINK arkitektur AS (“LINK”) 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. The sellers are Målsnes Invest AS, Tviberg AS, Onafyr AS, Halleraker AS, Paladio AS (representing four employed shareholders) and WSP Europe AB.
The total purchase price for the shares to be acquired is approximately NOK 109 million, based on a total equity value of NOK 160 million on a 100 per cent basis. The acquisition will be settled in cash and financed through Multiconsult’s existing cash holding. LINK is one of the leading architect offices in Scandinavia, with a pan-Nordic presence in major cities and regions in Norway, Sweden and Denmark.
