Multiconsult and Rejlers merge

Multiconsult ASA and Rejlers AB said on September 7 they had agreed to a merger of equals that would combine the Norwegian and Swedish consultancies into a new company called Multiconsult Rejlers. The companies said the combined group would offer advisory, engineering and architectural services across the Nordic region and position itself as a larger multidisciplinary consultancy. The announcement was made in regulatory and investor materials published by Rejlers and Multiconsult. ### How is the deal structured? The merger plan dated September 7 sets out a cross-border merger between Rejlers AB, a Swedish public company, and Multiconsult ASA, a Norwegian public company listed in Oslo. The companies described the transaction as a merger of equals, with the post-merger company to carry the name Multiconsult Rejlers. Rejlers said in its press release that the combined group would become one of the Nordic region’s leading engineering consultancy groups. (rejlers.com) The release said the group would focus on advisory, engineering and architecture, spanning multiple end markets and technical disciplines. (rejlers.com) ### What do shareholders still have to approve? The companies said extraordinary general meetings are expected to be held on October 19, 2026, to vote on the merger plan. The PR Newswire version of the release said a two-thirds majority is required in both companies, measured by both votes cast and shares represented at the meetings. (rejlers.com) BDO AS, in an expert report attached to the merger documentation, said it was issuing its opinion on the merger plan at the request of Multiconsult’s board under Norwegian company law. The merger documents were also published with appendices on Rejlers’ website, including articles of association and board materials tied to the transaction. (prnewswire.com) ### What are the companies saying the combination is for? Rejlers and Multiconsult said in their statements that the deal is intended to create a leading pan-Nordic multidisciplinary consultancy group. The companies said the combination would scale consulting capabilities and support regional project delivery across Nordic markets. (rejlers.com) Multiconsult’s investor relations page published the same September 7 announcement and said the company was progressing the proposed merger with Rejlers. The page also said Augestad would serve as interim chief executive while the merger process moved forward. ### Why does this matter beyond the boardroom? The companies’ own materials frame the deal as a scale play in engineering and technical services across the Nordic region. (rejlers.com) Larger engineering groups can bid across more disciplines and geographies, and the merger documents emphasize broader advisory and project-delivery capacity rather than a single-country footprint. (multiconsultgroup.com) A separate Multiconsult release from 2024 shows the two companies have previously appeared together on infrastructure-related work in Norway, including framework agreements tied to Statnett. That earlier disclosure does not describe the merger, but it shows overlap in power-grid and infrastructure consulting before the proposed combination. (rejlers.com) ### What should readers watch next? October 19, 2026, is the next disclosed milestone, when shareholders in both companies are expected to vote on the merger plan. The formal merger plan, expert report and related appendices are already posted in company materials published by Rejlers and referenced in Multiconsult’s investor updates. (prnewswire.com) (multiconsult.no)