October 22, 2015
Translink Corporate Finance announces Rejlers’ acquisition of Embriq. TRANSLINK acted as financial adviser for the buyer.
Rejlers has signed an agreement to acquire 88.52 percent of shares in the Norwegian IT company Embriq AS, including its subsidiaries, from the Hafslund group.
Embriq supplies IT operating services to customers across the Nordic area and has the leading expertise in Norway within the development and delivery of the next generation electricity network, Smart Grid. Embriq has 120 employees in Norway and Sweden. With the takeover, Rejlers Norge will have an annual turnover of 550 MNOK with nearly 400 employees.
The takeover of Embriq is an important step in the continuing development of our expertise as a leading player within electric power, infrastructure, energy and IT”, says Morten Thorkildsen, CEO of Rejlers Norge.
Rejlers is one of the largest engineering consultancy firms in the Nordic region. Its 2 000 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure spread across 80 locations in Sweden, Finland and Norway. In 2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on Nasdaq Stockholm.
Contact our Team Members advising in this transaction:
Translink Corporate Finance Norway/ Synergos AS is located in Oslo, Norway. It is composed of 5 seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.