Rejlers acquires Embriq and expands within digitalised energy services

Rejlers has signed an agreement on 21 October 2015 to acquire 88.52 percent of
shares in the Norwegian IT company Embriq AS, including its subsidiaries, from
the Hafslund group. The set purchase price came to
78 MNOK, the acquisition was paid in cash and the transfer takes place in
conjunction with conclusion.

The acquisition places Rejlers as the premier engineering consultancy company in
the Nordic area, with full scale IT services within the rationalisation of
infrastructure and energy.
Through the acquisition, Rejlers has nearly 2000 employees who can offer an even
wider range of specialised services and complete project control. The acquired
company is expected to give a turnover of 60 MNOK during the remainder of 2015
and 240 MNOK in turnover during a 12 month period.
Embriq has 120 employees in Norway and Sweden. With the takeover, Rejlers Norge
will have an annual turnover of 550 MNOK with nearly 400 employees. Embriq
supplies IT operating services to customers across the Nordic area and has the
leading expertise in Norway within the development and delivery of the next
generation electricity network, Smart Grid. In addition, Embriq is the leading
company in Norway for energy measurement services, a field in which Rejlers is
already strong in Sweden and Finland. Together, we create a Nordic platform in
this area.
Digitalisation of physical infrastructure
"Rejlers has a vision of being the smartest engineering consultancy company in
the Nordic area. All physical infrastructure in society is being digitalised,
and it can therefore be better exploited. Rejlers is already one of the largest
consultancy firms in this field within the Nordic region. Now we also have
access to Norway's best and biggest IT environment for the energy sector. This
gives Rejlers the opportunity for international consultancy on a completely new
scale.  The takeover of Embriq is an important step in the continuing
development of our expertise as a leading player within electric power,
infrastructure, energy and IT", says Morten Thorkildsen, CEO of Rejlers Norge.
Hafslund is delighted that Rejlers is moving Embriq forwards
"It is important for Hafslund to have a competitive supplier market and we are
very pleased that Rejlers will continue to run Embriq as an advanced supplier to
an energy industry that is ever-changing", says Finn Bjørn Ruyter, CEO and
President of Hafslund ASA. "We have been the owners for many years and are
pleased that Embriq, today, is a highly skilled company that has found success
in the marketplace with its competitive solutions. We look forward to continued
cooperation with Embriq as a supplier for the coming years. It feels right to
pass on the baton to Rejlers, which has what it takes for Embriq to continue
developing in a Nordic and European perspective ", says Ruyter.
Strengthened expertise
"Hafslund has provided great support for a number of years", says Thomas
Pettersen, CEO at Embriq. "We are very pleased that an expert industrial group
with a tradition such as Rejlers has taken over. Our expertise is reinforced as
a supplier of industry specific IT services within the ongoing digitalisation of
physical infrastructure.  It gives huge added value for the further development
of our services and also exciting opportunities for our employees and
customers," concludes Pettersen.
About Embriq
Embriq designs, develops and administers IT solutions in the business areas of
Consulting, Operations and Software. Embriq is a Norwegian high skills company
with 120 employees and an annual turnover of approximately 240 million NOK.
Embriq contributes to business profits for its customers through smart selection
and strategic use of IT. Embriq delivers services to clients across the Nordic
area and is represented in Oslo, Halden, Drammen and Gothenburg.

For further information:
Peter Rejler; President and CEO, +46 70 602 34 24, e-mail:
peter.rejler@rejlers.se
Mats Åström; CFO, +46 73 412 66 75, e-mail: mats.astrom@rejlers.se
Rejlers discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act.The information was
submitted for publication at 08.00 am on October 22nd 2015.
Rejlers is one of the largest engineering consultancy firms in the Nordic
region. Our 2 000 experts work with projects within the areas of Building and
property, Energy, Industry and Infrastructure. With us, you will meet specialist
engineers with the breadth, cutting edge expertise and not least energy to
create the results you want. We are continuing to grow rapidly and our
activities are spread across 80 locations in Sweden, Finland and Norway. In
2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on
Nasdaq Stockholm.