For further information:
Jonas Wiström, President and CEO +46 (0)70-608 12 20
Eero Auranne, President, Energy Division +358 (0)40-348 51 20
Viktor Svensson, Director, Corporate Information +46 (0)70-657 20 26
Ã…F has acquired the international energy and management consultancy, Mercados
Energy Markets International. Headquartered in Madrid, Spain, the company was
established in 1993 and today has a total of more than 60 employees at offices
in Spain, Russia, the UK, Turkey, India and Italy.
Annual sales for Mercados EMI total some EUR 9 million and the company's
operating margin for 2010 is anticipated to be approximately 7 percent.
Ã…F is paying EUR 4.2 million for 100 percent of the shares in the company. The
shares are being sold by the company's founders and senior management. Agreement
has been reached on an additional consideration to be based on earnings over the
next three years. Ã…F estimates that this additional consideration will amount to
EUR 2.6 million.
Mercados EMI has established an international reputation as a technical
consultant with extensive experience in the areas of energy studies, policy
design, payment models and energy reforms for government agencies and energy
companies in more than 40 countries. The World Bank is just one of the company's
many high-profile clients.
Mercados EMI will provide a good complement to the existing skills and services
of Ã…F's Energy Division, which can already call upon the resources of more than
1,000 co-workers in some 20 countries. This new acquisition broadens Ã…F's
portfolio of services higher up in the value chain in the international energy
market.
Ã…F AB
Corporate Information
Ã…F is a leader in technical consulting, with expertise founded on more than a
century of experience. We offer highly qualified services and solutions for
industrial processes, infrastructure projects and the development of products
and IT systems. Today Ã…F has more than 4,500 employees. Our base is in Europe,
but our business and our clients are found all over the world.
Press release PDF:
http://hugin.info/1253/R/1473403/409772.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ã…F AB via Thomson Reuters ONE
[HUG#1473403]
