Norconsult

M&A Activity • Nov 5, 2025

Norconsult to acquire Metier Group AS

Norconsult to acquire Metier Group AS

Sandvika, 5 November 2025 (OSE: NORCO): Norconsult ASA ("Norconsult") has

entered into a definitive agreement to acquire 100% of the shares of Metier

Group AS ("Metier"), a leading Norwegian consultancy specialized in project

management, business development, digitalisation and educational

programs from Tetra Tech RPS Energy Limited.

Metier is headquartered in Oslo and has 250 employees. The company serves a

broad and diverse client base across both public and private customers. Metier

has a strong brand and a solid reputation in the Norwegian market.

For the twelve-month period ending 30 June 2025, Metier reported net

revenue (according to Norconsult definition) of NOK 494 million, and an adjusted

EBITA of NOK 60 million, corresponding to an adjusted EBITA margin of 12%.

"Metier brings valuable expertise in several areas that we have been looking to

strengthen, particularly within project management and early phase

consulting. There is also a strategic fit with Metier's educational services

related to project management. In addition, Metier's digital business is

complementary compared to Norconsult's digital services. Altogether, this

acquisition represents a strategic milestone in our journey to become the

leading full-service interdisciplinary consultancy in the Nordics. We look

forward to welcoming the Metier team to Norconsult" said Egil Hogna, CEO of

Norconsult.

"Joining Norconsult unlocks existing opportunities for both our team and

clients.?We are confident that, under the ownership of Norconsult, Metier will

continue to grow both professionally and organisationally. We have known

Norconsult for many years and share a strong commitment to delivering high

-quality solutions and creating long-term value. We are looking

forward to becoming a part of the Norconsult group," said Halvard S. Kilde, CEO

of Metier.

Norconsult will acquire Metier based on an Enterprise Value of NOK 480 million.

The final equity purchase price is subject to customary net debt and

normalisation of working capital adjustments. The transaction will be settled in

cash, partially financed by a NOK 400 million Term Loan Facility.

Closing is subject to approval by the Norwegian Competition Authority, with

completion expected in December 2025.

For further information, please contact:

Investors: Christian Salbu Aasland, SVP Investor Relations & Business

Intelligence, IR@norconsult.com

Media: Henrik Charlesen, Senior Communication

Advisor, Henrik.Charlesen@norconsult.com

The information included in this announcement is defined as inside

information pursuant to article 7 of the Marker Abuse Regulation ("MAR") and is

publicly disclosed in accordance with article 17 of MAR and section 5-12 of the

Norwegian Securities Trading Act.

This stock exchange announcement was published by Elin Spieler, Head of Treasury

& IR Manager of Norconsult ASA, at the date and time as set out above.

***

About Norconsult

Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining

engineering, architecture and digital expertise across projects of all sizes,

for private and public customers in infrastructure, energy and

industry, buildings and architecture. Headquartered in Sandvika,

Norway, Norconsult's delivery model is centred around knowledge hubs and local

presence through approximately 7 000 employees across more than 140 offices in

Norway, Sweden, Denmark, Iceland, Poland and Finland.