For further information: Mats Påhlsson, president Infrastructure division +46 10 505 10 45
ÅF AB has acquired a majority in the Danish consulting firm, Traffic Team A/S who are specialists in temporary traffic management plans at road works.
Together possess ÅF and Traffic Team a solid knowledge about technical traffic solutions and traffic analysis.
"There is a rapid development in the transport sector, where new technologies can increase the security of all types of road users and relieve congestion on the roads. Traffic Team has extensive experience of practical traffic conditions, and ÅF is strong in research and technical solutions. Together we can create innovative transport solutions for the benefit of both road users and customers, "says Per Seidelin, Managing Director ÅF - Hansen Henneberg.
2015 Trafffic Team`s turnover was 20 million DKK.
With the acquisition of Traffic Team, ÅF will have 170 employees in Denmark.
"ÅF is striving to become stronger on the Danish market and the purchase of Traffic Team is another step in that direction", says Jonas Wiström, CEO of ÅF.
With the acquisition ÅF AB buys 51 percent of the share capital of Traffic Team. Peter Garborg, CEO of Traffic Team retains 49 percent of the shares. ÅF has an option to buy the remaining shares within a period of three years.
Corporate Communication
ÅF AB (publ)
The information contained in this press release is such that ÅF AB (publ) is required to disclose pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 25th of aug at 0830 am.
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.
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