Norconsult acquires ECT
The consulting firm ECT is amalgamating with Norconsult. The acquisition reinforces Norconsult’s position as Norway’s largest and strongest multidisciplinary consulting company.
“We are delighted that ECT is becoming part of Norconsult, and we wish a warm welcome to all our new colleagues. The two businesses are a perfect fit, both professionally and culturally,” says Bård Sverre Hernes EVP Norway/Head Office at Norconsult.
ECT is currently Norway’s largest independent firm of electrotechnical engineering consultants. The company has around 110 employees, working at offices in Drammen, Hønefoss, Lysaker, Trondheim and Gol. As consultants, ECT undertakes the planning and engineering of electrotechnical installations in most types of construction projects. The firm has also developed a strong project and management culture, which is vital in multidisciplinary projects.
Norconsult and ECT have worked together on several assignments in the market areas Transport and Buildings. These are Norconsult’s largest market areas, and the acquisition will provide increased capacity, greater competence, exciting synergies and excellent opportunities for staff development.
“ECT’s specialist expertise and substantial capacity in rail technology and electrotechnical consulting will put us in a strong position to realise large and complex projects. The acquisition will provide increased client value and new market opportunities,” explains Hernes.
ECT is headquartered in Drammen, which will also give a stronger physical presence in this region. Furthermore, the company’s geographic reach fits hand in glove with Norconsult’s ambition to achieve further growth in Norway.
ECT’s general manager Jan Henning Quist believes that by joining forces, both organisations will gain access to competence and capacity they currently do not have. “This will make us even more attractive as a consulting services provider and an employer,” he says. “We have enjoyed a long and fruitful collaboration with Norconsult, for example on major rail projects, and we perform our allotted tasks effectively and competitively. A merger is a natural extension of this collaboration, and a natural next step for ECT. We are looking forward to the journey ahead.”
The transaction is scheduled to be completed during the autumn, subject to approval by the Norwegian Competition Authority.