Multiconsult and Rejlers to create a leading pan-Nordic multidisciplinary consultancy group through a merger of equals

On September 7, 2026, Multiconsult ASA and Rejlers AB announced a joint cross-border merger plan aimed at creating a leading pan-Nordic multidisciplinary consultancy group, named Multiconsult Rejlers. The financial terms of the deal have not been disclosed; however, the merger structure indicates that each Multiconsult shareholder will receive 0.9725 Rejlers class B shares for every Multiconsult share, resulting in a 54% ownership stake for Multiconsult shareholders and 46% for Rejlers shareholders in the newly formed entity. The combined group will boast approximately 8,000 employees and a market capitalization nearing SEK 8 billion.

Both Multiconsult and Rejlers have established themselves as significant players in the consulting sector, with strong histories and cultures that align well. Multiconsult has a robust presence in Norway and operates in Denmark, Poland, and the UK, offering services across various sectors, including Energy, Industry, Mobility, and Environment. Rejlers, on the other hand, has a complementary footprint in Sweden, Finland, Norway, and the UAE, with expertise in energy, industry, and infrastructure. This merger is expected to leverage their combined strengths, creating a broader platform that enhances geographic reach and service capabilities.

The strategic rationale behind the merger is to position Multiconsult Rejlers for accelerated growth and improved profitability. The combined entity will be particularly well-equipped to tackle large and complex projects, especially in the energy and industrial markets, as well as defense-related initiatives. By fostering an environment that emphasizes employee development and cross-border collaboration, the new group aims to attract and retain top talent, further enhancing its service offerings.

Moreover, the merger is anticipated to generate significant cost synergies, estimated at SEK 100-120 million annually within three years. These efficiencies are expected to arise from streamlined operations in IT, procurement, and administrative functions. The increased scale and enhanced capital market position will also enable Multiconsult Rejlers to invest in new technologies, including artificial intelligence, and pursue further acquisitions to expand its capabilities.

In the broader context, this merger reflects ongoing consolidation trends within the consulting sector, particularly in the Nordic region. As firms seek to enhance their competitive positioning and service offerings, such strategic partnerships are likely to become more common. The formation of Multiconsult Rejlers not only strengthens the competitive landscape but also sets the stage for future growth opportunities in a market increasingly focused on multidisciplinary approaches to complex challenges.