ÅF further enhances its leading position within Food & Pharma


For further information:

 Per Magnusson, President Industry Division                    +46 70 676 64 26

 Viktor Svensson, Executive Vice President, Corporate          +46 70 657 20 26
 Information

 Stefan Johansson, CFO                                         +46 70 224 24 01



ÅF has acquired PRC Engineering and becomes an even stronger supplier to the
Food & Pharma industry.

PRC Engineering are specialized in process design, automation, IT solutions and
validation & quality assurance within the fields of life science, food &
beverage, energy and other industries. Approximately 230 engineers in ten
locations in Sweden serve customers with design, efficiency enhancement and
automation of manufacturing and production sites. The company was founded in
1990 and sales for 2014 amounted to approximately MSEK 260 with good profit
levels.

"We are impressed by PRC that has managed to grow with good profitability during
the last years," says Per Magnusson, head of ÅF's Industry Division. "On a
fragmented market, ÅF and PRC will become an even stronger provider of turnkey
solutions. In addition to Food & Pharma, ÅF and PRC also complement each other
when it comes to delivery of energy and industry related projects."

"Customer demand for supply of larger projects is growing" says Peter Bräck, CEO
and co-owner of PRC Engineering. "We will now get the power to meet this demand
and our engineers the possibility to work with even more interesting projects."

PRC will form part of the division Industry within ÅF, headed by Per Magnusson.
A new business area will be created with focus on delivery of turnkey projects
and professional services to customers within Food & Pharma. Employees from both
ÅF and PRC will be part of the new business area.

Corporate Information
ÅF AB

ÅF is an engineering and consulting company for the energy, industrial and
infrastructure markets, creating progress for our clients since 1895. By
connecting technologies we provide profitable, innovative and sustainable
solutions to shape the future and improve people's lives.  Building on our
strong base in Europe, our business and clients are found all over the world.

ÅF - Innovation by experience


[HUG#1896588]

Attachments

Press release (PDF).pdf