“We officially welcome the new businesses into the NYAB family. This acquisition aligns with our growth strategy by strengthening our position in attractive market segments and enhancing our ability to deliver comprehensive solutions to a broader customer base across a larger geography. The acquisition presents opportunities for value creation, leveraging the strengths in our combined operations.”
Larsson, NYAB AB
This strategic acquisition strengthens NYAB’s position as a leading provider of engineering, construction, and maintenance services in the infrastructure and energy sectors in the Nordics, providing a robust platform for further expansion into Norway and new geographies.
The transaction includes Dovre Group Plc’s Consulting business in Norway and its Project Personnel business in Norway with operations also in North America, Asia-Pacific and the Middle East. The business consists of more than 600 employees, the vast majority of whom are engineers and white-collar workers.
Arve Jensen, former CEO of Dovre Group Plc, will head the acquired businesses at NYAB.
“We are excited to join forces with NYAB and leverage their impressive track record of profitable growth and deep industrial knowledge. Together, we will strengthen our service offerings and explore new growth opportunities,” said Jensen. “The acquisition provides a pathway to further expansion in Norway, and we look forward to utilizing our expertise to strengthen NYAB’s capabilities in all geographies.”
The completion of this acquisition marks a significant milestone in NYAB’s strategic expansion and commitment to providing high-quality engineering and project management services in the Nordics and to capitalise on emerging opportunities for growth in new regions.
Contact
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Johan Larsson
CEO NYAB AB