Competitors
4 competitors
· 3 industries
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| # | Company | Industry | Country | Market Cap | Upside | 1D | 1W | 1M | YTD | P/E | EV/EBIT | EV/EBITA | EV/EBITDA | Div. Yield | DPS | DPS Growth | EBITDA | EBITA | EBIT | EPS | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — |
Rejlers AB
|
Professional Services | Sweden | 278.08M EUR | +44.9% Price vs consensus target Price 138.00 SEK as of 2026-09-30 Target 200.00 SEK 1 estimate · as of 2026-09-07 | -1.29% | -1.85% | -14.39% | -27.22% | 18.2 | 11.6 | 9.6 | 9.3 | 3.80% | 5.25 SEK | +5.0% | 454.90M SEK | 438.00M SEK | 363.50M SEK | 7.57 SEK | ||
| 1 | ? Why a competitor Sweco is the leading Nordic engineering and architecture consultancy, competing directly with Rejlers across Sweden, Finland, and Norway in infrastructure, energy, industry, and building systems. | Construction and Engineering | Sweden | 4.12B EUR | +31.6% Price vs consensus target Price 129.20 SEK as of 2026-09-30 Target 170.00 SEK 6 estimates · as of 2026-09-28 | -0.08% | +1.57% | -0.23% | -14.38% | 20.5 | 14.9 | 14.0 | 13.0 | 2.86% | 3.70 SEK | +12.1% | 4.09B SEK | 3.78B SEK | 3.58B SEK | 6.31 SEK | ||
| 2 | ? Why a competitor Headquartered in Sweden, AFRY directly competes with Rejlers for major engineering consulting mandates in the Nordic region across energy, industrial digitalization, and infrastructure. | Research and Consulting Services | Sweden | 1.04B EUR | +17.3% Price vs consensus target Price 103.60 SEK as of 2026-09-30 Target 121.50 SEK 6 estimates · as of 2026-09-28 | -0.86% | +3.08% | +0.19% | -30.93% | 14.9 | 11.3 | 10.1 | 9.6 | 5.79% | 6.00 SEK | 0.0% | 1.85B SEK | 1.76B SEK | 1.57B SEK | 6.98 SEK | ||
| 3 | ? Why a competitor Norconsult is a major Nordic multidisciplinary engineering and design consultancy that competes directly with Rejlers across infrastructure, energy, buildings, and industrial projects in Norway, Sweden, and Finland. | Construction and Engineering | Norway | 1.07B EUR | +20.6% Price vs consensus target Price 37.30 NOK as of 2026-09-30 Target 45.00 NOK 5 estimates · as of 2026-08-21 | -1.19% | -1.45% | -4.36% | -18.74% | 19.1 | 15.2 | 13.9 | 13.0 | 4.83% | 1.80 NOK | +5.9% | 1.04B NOK | 977.00M NOK | 889.00M NOK | 1.96 NOK | ||
| 4 | ? Why a competitor Multiconsult is a top Nordic engineering and design consultancy competing with Rejlers in Norway and Sweden across energy, infrastructure, and technical building installations. | Construction and Engineering | Norway | 361.07M EUR | +31.5% Price vs consensus target Price 142.60 NOK as of 2026-09-30 Target 187.50 NOK 2 estimates · as of 2026-09-22 | -2.60% | -1.52% | +4.09% | -19.44% | 14.1 | 13.4 | 13.2 | 11.3 | 3.51% | 5.00 NOK | -50.0% | 476.98M NOK | 408.21M NOK | 401.84M NOK | 10.13 NOK |
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Recent key developments
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6 events
Rejlers AB has signed a four-year framework agreement with Stockholm Globe Arena Fastigheter AB covering engineering design and project management services. The framework agreement covers engineering design and project management services across several technical disciplines, including HVAC and plumbing, electrical systems, building and structural engineering, building automation and SCADA, fire and security systems, and lighting systems. Through the agreement, Stockholm Globe Arena Fastigheter AB gains access to senior consultants who can provide support for both small and large projects.
Client Announcements · Cisionwire
Rejlers AB (publ)(OM:REJL B) added to S&P Global BMI Index
Index Constituent Adds · Index Website
Rejlers AB (publ) proposed amendment of the articles of association (share capital limits, limits on the number of shares and collection of proxies and postal voting); amendment of the articles of association (company name). extraordinary general meeting scheduled for October 19, 2026.
Changes in Company Bylaws/Rules · Cisionwire
Rejlers has been selected as a framework agreement partner to the Finnish Transport Infrastructure Agency for surveying and modelling services for road and railway projects across Finland. The framework agreement covers the period 2026-2029 and continues a long-standing cooperation with the agency. The agreement covers a broad range of surveying and modelling services supporting the planning, implementation and quality assurance of transport infrastructure projects. The services include the establishment and maintenance of survey control networks, laser scanning, aerial imaging, and the production of terrain models and base maps. Accurate surveying and modelling data provides an important basis for the planning and construction of road and railway infrastructure, contributing to efficient project delivery, quality and safety. Through SGM Consulting, part of Rejlers since February 2026, Rejlers was selected as one of six service providers under the framework agreement. This marks the third consecutive framework agreement for surveying services with the Finnish Transport Infrastructure Agency. SGM Consulting became part of Rejlers in February 2026, strengthening Rejlers' expertise in surveying, modelling and infrastructure services in Finland.
Client Announcements · Cisionwire
Rejlers AB (publ) (OM:REJL B) agreed to acquire Multiconsult ASA (OB:MULTI) from Stiftelsen Multiconsult and other shareholders for NOK 4.1 billion in a merger of equals transaction on September 2, 2026. Each share in Multiconsult entitles the holder to receive 0.9725 (corresponding to 389 new class B shares in Rejlers for every 400 shares in Multiconsult) new class B shares in Rejlers. The Merger Consideration will consist solely of newly issued class B shares in Rejlers. The aggregate value of the Merger Consideration amounts to approximately SEK 4,252 million/NOK 4,119 million based on the number of Merger Consideration shares and the closing price of Rejlers on 2 September 2026. No cash consideration is offered. The consideration shares shall rank pari passu with all other class B shares in Rejlers from the date on which they are entered in the share register kept by Euroclear Sweden AB. As at September 7, 2026, Multiconsult had 27,674,911 shares of one class, each with a nominal value of NOK 0.50, and share capital of NOK 13,837,455.50, of which 110,406 were treasury shares, so that 27,564,505 shares carried entitlement to Merger Consideration. The exchange ratio consequently results in 54% ownership for Multiconsult shareholders and 46% for Rejlers shareholders. The name of the Combined Company shall be Multiconsult Rejlers AB. Multiconsult Rejlers will be dual listed on Nasdaq Stockholm and Euronext Oslo Børs, with Stiftelsen Multiconsult and the Rejler family as committed long-term owners. Immediately following Completion, the shareholders of Multiconsult immediately prior to Completion will hold approximately 54%, and the shareholders of Rejlers immediately prior to Completion approximately 46%, of the share capital of the Combined Company.
For the Combined Group, Viktor Svensson will be President and Chief Executive Officer and Kristin O. Augestad will be Deputy Chief Executive Officer. By bringing together more than 4,200 Multiconsult employees and approximately 3,600 Rejlers employees, the combination will create new opportunities for close to 8,000 professionals to collaborate, develop and deliver greater value to clients. Multiconsult Rejlers will be a pan-Nordic multidisciplinary consultancy group with four Nordic home markets with 3,700 employees in Norway, 2,100 in Sweden, 1,000 in Finland and 100 in Denmark. In addition, the group will have strategically important and fast-growing international operations with 400 employees in Poland, 300 employees in the United Arab Emirates and 60 employees in India and the United Kingdom. Both organizations will be preserved to a large extent under the current local brands and current leadership. It is the intention that Rejlers Norway will be included in segment Norway, Iterio will be included in segment Sweden, Poland will be included in segment Finland and International, and Architecture will be a separate segment. The headquarters will be in Stockholm with a main office in Oslo in which several people within the executive management team will be based. A new Chief Financial Officer will be recruited and will be based in Oslo. Following the proposed Merger, additional group functions will be divided between Stockholm and Oslo. The group management team will consist of the following: Viktor Svensson, President and Chief Executive Officer, Kristin O. Augestad, Deputy Chief Executive Officer and Head of Norway, Jenny Edfast, Head of Sweden, Mikko Vaahersalo, Head of Finland & International, Kristina Jordt Adsersen, Head of Architecture, Anna Jennehov, Chief Financial Officer, Geir Juterud, Head of Digital & AI, Kari Nicolaisen, Head of People & Organisation, and Malin Sparf Rydberg, Head of Communication & Sustainability. It is the intention that Arnor Jensen, Chair of the Board of Stiftelsen Multiconsult, will chair the nomination committee of the Combined Group up to its first annual general meeting in 2027. As a consequence of the proposed merger, Ove B. Haupberg will step down as Chief Financial Officer upon completion of the transaction and will continue in his current role until the December 31, 2026. The Combined Company shall have its headquarters in Stockholm, with a main office in Oslo. As of September 23, 2026. Multiconsult ASA hereby gives notice of an extraordinary general meeting to be held on 19 October 2026 at 14:00 CEST. The extraordinary general meeting will consider and vote on the proposed cross-border merger with Rejlers AB
The deal has been approved by the board. The Merger is expected to require merger control clearances, including from the Norwegian Competition Authority, the Swedish Competition Authority and the Polish Office of Competition and Consumer Protection, consummation of due diligence investigation, receipt of the required confirmations from the Swedish Companies Registration Office and the Norwegian Register of Business Enterprises, admission to trading of the merger consideration shares on Nasdaq Stockholm, admission to trading of the Rejlers class B shares on Euronext Oslo Børs, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders and listing / approval of new shares on stock exchange. The expected completion of the transaction is in late 2026/early 2027.
DNB Carnegie, Investment Arm acted as financial advisor for Multiconsult ASA. Advokatfirma Wiersholm AS acted as legal advisor for Multiconsult ASA. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor for Multiconsult ASA. Svenska Handelsbanken AB acted as financial advisor for Rejlers AB. Setterwalls Advokatbyrå Ab acted as legal advisor for Rejlers AB. Advokatfirmaet Haavind AS acted as legal advisor for Rejlers AB. Pareto Securities AS acted as financial advisor for Stiftelsen Multiconsult. Wikborg Rein Advokatfirma As acted as legal advisor for Stiftelsen Multiconsult.
M&A Transaction Announcements · Capital IQ Transaction Database
Competitors
6 events
Afry AB Presents at DNB Carnegie Nordic Forest Conference, Sep-22-2026 09:45 AM. Venue: DNB Carnegie office, Stockholm, Sweden. Speakers: Hampus Mörner, Principal.
Company Conference Presentations · Company Website, Euronext
Sweco AB (publ)(OM:SWEC B) dropped from FTSE All-World Index (USD)
Index Constituent Drops · Index Website, Index Website
Multiconsult ASA announced that, as a consequence of the proposed merger between Multiconsult and Rejlers, Ove B. Haupberg would step down as Chief Financial Officer upon completion of the transaction. Haupberg would continue in his current role until December 31, 2026 and the planned completion of the merger. Haupberg has been an important member of Multiconsult's executive management team and has made a significant contribution to the company's development over the past four years.
Executive Changes - CFO · Cisionwire
Multiconsult ASA announced that the board of directors appointed Kristin O. Augestad as interim Chief Executive Officer with immediate effect, September 7, 2026. Augestad will serve as interim CEO while the company progresses the proposed merger with Rejlers. Augestad currently serves as EVP Norway and will continue in that role while also serving as interim CEO. She has held a number of leadership positions within the group. She joined Multiconsult in 1997 and has been a member of executive management team for several years. Karsten Warloe and the Board of Directors have mutually agreed that Karsten will leave his role as CEO. The ongoing merger process has materially changed the context in which Karsten Warloe was appointed CEO. Against this background, the Board and Karsten have mutually agreed that a leadership transition is the appropriate way forward.
Executive Changes - CEO · Cisionwire
Rejlers AB (publ) (OM:REJL B) agreed to acquire Multiconsult ASA (OB:MULTI) from Stiftelsen Multiconsult and other shareholders for NOK 4.1 billion in a merger of equals transaction on September 2, 2026. Each share in Multiconsult entitles the holder to receive 0.9725 (corresponding to 389 new class B shares in Rejlers for every 400 shares in Multiconsult) new class B shares in Rejlers. The Merger Consideration will consist solely of newly issued class B shares in Rejlers. The aggregate value of the Merger Consideration amounts to approximately SEK 4,252 million/NOK 4,119 million based on the number of Merger Consideration shares and the closing price of Rejlers on 2 September 2026. No cash consideration is offered. The consideration shares shall rank pari passu with all other class B shares in Rejlers from the date on which they are entered in the share register kept by Euroclear Sweden AB. As at September 7, 2026, Multiconsult had 27,674,911 shares of one class, each with a nominal value of NOK 0.50, and share capital of NOK 13,837,455.50, of which 110,406 were treasury shares, so that 27,564,505 shares carried entitlement to Merger Consideration. The exchange ratio consequently results in 54% ownership for Multiconsult shareholders and 46% for Rejlers shareholders. The name of the Combined Company shall be Multiconsult Rejlers AB. Multiconsult Rejlers will be dual listed on Nasdaq Stockholm and Euronext Oslo Børs, with Stiftelsen Multiconsult and the Rejler family as committed long-term owners. Immediately following Completion, the shareholders of Multiconsult immediately prior to Completion will hold approximately 54%, and the shareholders of Rejlers immediately prior to Completion approximately 46%, of the share capital of the Combined Company.
For the Combined Group, Viktor Svensson will be President and Chief Executive Officer and Kristin O. Augestad will be Deputy Chief Executive Officer. By bringing together more than 4,200 Multiconsult employees and approximately 3,600 Rejlers employees, the combination will create new opportunities for close to 8,000 professionals to collaborate, develop and deliver greater value to clients. Multiconsult Rejlers will be a pan-Nordic multidisciplinary consultancy group with four Nordic home markets with 3,700 employees in Norway, 2,100 in Sweden, 1,000 in Finland and 100 in Denmark. In addition, the group will have strategically important and fast-growing international operations with 400 employees in Poland, 300 employees in the United Arab Emirates and 60 employees in India and the United Kingdom. Both organizations will be preserved to a large extent under the current local brands and current leadership. It is the intention that Rejlers Norway will be included in segment Norway, Iterio will be included in segment Sweden, Poland will be included in segment Finland and International, and Architecture will be a separate segment. The headquarters will be in Stockholm with a main office in Oslo in which several people within the executive management team will be based. A new Chief Financial Officer will be recruited and will be based in Oslo. Following the proposed Merger, additional group functions will be divided between Stockholm and Oslo. The group management team will consist of the following: Viktor Svensson, President and Chief Executive Officer, Kristin O. Augestad, Deputy Chief Executive Officer and Head of Norway, Jenny Edfast, Head of Sweden, Mikko Vaahersalo, Head of Finland & International, Kristina Jordt Adsersen, Head of Architecture, Anna Jennehov, Chief Financial Officer, Geir Juterud, Head of Digital & AI, Kari Nicolaisen, Head of People & Organisation, and Malin Sparf Rydberg, Head of Communication & Sustainability. It is the intention that Arnor Jensen, Chair of the Board of Stiftelsen Multiconsult, will chair the nomination committee of the Combined Group up to its first annual general meeting in 2027. As a consequence of the proposed merger, Ove B. Haupberg will step down as Chief Financial Officer upon completion of the transaction and will continue in his current role until the December 31, 2026. The Combined Company shall have its headquarters in Stockholm, with a main office in Oslo. As of September 23, 2026. Multiconsult ASA hereby gives notice of an extraordinary general meeting to be held on 19 October 2026 at 14:00 CEST. The extraordinary general meeting will consider and vote on the proposed cross-border merger with Rejlers AB
The deal has been approved by the board. The Merger is expected to require merger control clearances, including from the Norwegian Competition Authority, the Swedish Competition Authority and the Polish Office of Competition and Consumer Protection, consummation of due diligence investigation, receipt of the required confirmations from the Swedish Companies Registration Office and the Norwegian Register of Business Enterprises, admission to trading of the merger consideration shares on Nasdaq Stockholm, admission to trading of the Rejlers class B shares on Euronext Oslo Børs, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders and listing / approval of new shares on stock exchange. The expected completion of the transaction is in late 2026/early 2027.
DNB Carnegie, Investment Arm acted as financial advisor for Multiconsult ASA. Advokatfirma Wiersholm AS acted as legal advisor for Multiconsult ASA. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor for Multiconsult ASA. Svenska Handelsbanken AB acted as financial advisor for Rejlers AB. Setterwalls Advokatbyrå Ab acted as legal advisor for Rejlers AB. Advokatfirmaet Haavind AS acted as legal advisor for Rejlers AB. Pareto Securities AS acted as financial advisor for Stiftelsen Multiconsult. Wikborg Rein Advokatfirma As acted as legal advisor for Stiftelsen Multiconsult.
M&A Transaction Announcements · Capital IQ Transaction Database
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