ABG Sundal Collier acted as financial advisor to Norconsult in connection with the acquisition of the Aas-Jakobsen Group

On 12 June 2025, Norconsult ASA (“Norconsult”) announced that they had entered into a definitive agreement to acquire the Aas-Jakobsen Group (“Aas-Jakobsen”), a leading Norwegian engineering consultancy specializing in complex infrastructure and building projects.
Aas-Jakobsen comprises Dr. Ing. A. Aas-Jakobsen AS, Dr. Ing. A. Aas-Jakobsen Trondheim AS and Geovita AS. As of 2024, Aas-Jakobsen reported net revenue of NOK 470 million and an Adjusted EBITA of NOK 103 million. Over the past decade Aas-Jakobsen has demonstrated a solid financial track record, achieving an organic net revenue CAGR exceeding 5%, while maintaining EBITA margins consistently above 20%. Aas-Jakobsen has 230 employees and operates primarily in
Norway, with offices in Oslo and Trondheim.
Norconsult will acquire Aas-Jakobsen based on an Enterprise Value of NOK 1 430 million, and the purchase price will be settled 80% in cash and 20% in new Norconsult shares.
The transaction with Aas-Jakobsen is the largest in Norconsult’s history, and marks a significant step towards Norconsult’s strategic ambition of becoming a top three player in the Nordics.
ABGSC acted as financial advisor to Norconsult.