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New Deal


Announced

Norconsult acquires ECT.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Engineering Consulting

Pending

Norway

engineering consulting

Friendly

Private

consulting services

Acquisition

Single Bidder

Synopsis

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Norconsult, a leading engineering consultancy firm acquires ECT, a rival engineering consultancy firm. Financial terms were not disclosed. The acquisition reinforces Norconsult’s position as Norway’s largest and strongest multi-disciplinary consulting company. The transaction is scheduled to be completed during the autumn, subject to approval by the Norwegian Competition Authority. “We are delighted that ECT is becoming part of Norconsult, and we wish a warm welcome to all our new colleagues. The two businesses are a perfect fit, both professionally and culturally,” Bård Sverre Hernes, Norconsult EVP.

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