Multiconsult

M&A Activity • Jan 19, 2022

Multiconsult acquires Smidt & Ingebrigtsen AS

Multiconsult acquires Smidt & Ingebrigtsen AS

Multiconsult ASA (OSE: MULTI) acquires Smidt & Ingebrigtsen AS and strengthens

its competence and market position in western Norway.

Smidt & Ingebrigtsen is a consulting engineering company based in Bergen, with a

strong reputation and a solid market position both in the public and private

construction and civil engineering market in western Norway. Smidt &

Ingebrigtsen revenues for 2020 was NOK 19 million and has seven employees who

will be joining Multiconsult. The two companies have had a close and good

collaboration in the past and are now looking forward to continuing the good

collaboration as one company. The closing is expected in February 2022.

"We are very happy that Smidt & Ingebrigtsen has chosen to become part of

Multiconsult. With the acquisition, we secure additional senior competence that

is central to our interdisciplinary projects, especially towards our business

areas Buildings & Properties, Mobility & Transportation, and Industry. With the

skilled employees in Smidt & Ingebrigtsen we will further improve our

capabilities and market position in western Norway", says Leif Olav Bogen,

Executive Vice President of Regions Norway at Multiconsult.

Smidt & Ingebrigtsen's employees will move into Multiconsult's office in Bergen

during spring 2022.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer

Phone: +47 416 11 161

E-mail: psmj@multiconsult.no / ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

This is information made public by Multiconsult pursuant to the EU Market Abuse

Regulation and subject to the disclosure requirements pursuant to Section 5-12

the Norwegian Securities Trading Act.