AGR reinforces its strong presence in Norway’s technical staffing market through local acquisition
ABL Group has entered into an agreement to acquire 100 percent of the shares of Norway-based engineering and technical staffing consultancy Techconsult.
Upon completion of the transaction, Techconsult will merge with AGR’s existing resourcing business unit, thereby creating one of the largest technical resourcing providers in Norway and the North Sea.
The joint business includes specialist competence to support the oil and gas, maritime and renewable energy industries, including the digitalisation of its operations.
“Both companies’ vision is to be a preferred technical staffing and recruitment provider, and we recognise that together we can create a stronger base to support more clients and expand into new areas. The acquisition also creates wider opportunities for professional development for our consultants and colleagues, including international prospects. I am excited about this next chapter for AGR Consultancy and Techconsult as a joint powerhouse in technical and engineering resourcing.”
Thomas Veseth Saue, General Manager for AGR Consultancy Europe
ABOUT TECHCONSULT
Techconsult was founded in 1999 and is today established with offices in Bergen, Oslo and Stavanger in Norway. The company consists of more than 200 consultants. It also offers clients access to a database of approximately 14,000 technical and engineering professionals.
With its roots in resourcing for the oil and gas industry, Techconsult has successfully diversified into renewable energy, environmental and infrastructure projects, as well as resourcing in computer and IT disciplines, shipbuilding and mechanical industries, plus the process and construction industries.
“With innovation at our core, we have continually developed our offering to support the growing energy transition and renewables sector, with a third of our business in this space, whilst maintaining our strong commitment as a go-to provider for the oil and gas market. Joining AGR Consultancy is the natural next step in Techconsult’s strategy. It represents a synergy of two teams with a shared vision, unlocking opportunity on both sides to continue what we are doing, but with an even stronger platform to deliver to more clients and to develop further together.”
Ronny Meyer, Founder and CEO of Techconsult
STRATEGIC RATIONALE
The acquisition will diversify both companies’ client bases, combining AGR’s strong position with operators with Techconsult’s portfolio that is more driven towards service and engineering companies.
In total, the combined company will more than double the shared database of technical professionals – 26,000 in total – creating a stronger platform to support more clients and in more geographical markets and industry segments.
Additionally, the deal will diversify the markets which AGR serves, whilst also enhancing Techconsult’s potential growth in the renewable energy and offshore wind sector, where it can leverage the wider ABL Group’s extensive project and client network. Further, it will create a consolidated platform to support emerging technical segments like digitalisation, electrification, power and automation industries, among others.
Ronny Meyer will continue to lead the Techconsult recruitment support team following the completion of the merger.
“Availability of top technical competence is key to realising the energy industry’s ambitions. When we acquired AGR, we obtained a reputable competence provider that has a leading position in the energy industry. This strategic acquisition now not only reinforces ABL Group’s robust presence in Norway, but also underscores our commitment to delivering innovative staffing solutions across all our segments.”
Reuben Segal, CEO of ABL Group ASA, parent company to AGR
AGR Consultancy Europe also includes the resourcing expertise and personnel database from Ross Offshore’s consultancy business, integrated into AGR through a previous acquisition.
The transaction, which is subject to approval by the Norwegian competition authority, is expected to be completed in Q2 this year.
Discover in full AGR’s technical and engineering staffing solutions, and find out more about Techconsult:
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