AFRY Strengthens Its Position in Project and Construction Management with Acquisition of XPRO
AFRY, the leading professional environment within project and construction management in Norway, has announced the acquisition of XPRO, a project development and management company with a leading position in the Northwest of Norway. The acquisition is set to strengthen AFRY’s position and capacity within project and construction management, paving the way for further development of new and existing offerings regionally and nationally.
XPRO’s Leading Position in Project Development and Management
XPRO has earned the trust of clients to lead the execution of many of the largest and most complex projects in the Northwest of Norway. With 40 experienced employees and offices in Molde, Ålesund, and Kristiansund, XPRO has a leading position in project development and project management in the region. In addition, XPRO delivers independent verification services to clients across Norway.
Advansia and XPRO Complement Each Other Well
Advansia, part of AFRY and Norway’s largest professional environment within project and construction management, is set to benefit from the acquisition of XPRO. With 500 employees, Advansia leads major hospital, airport, and cultural construction projects across the country. Vegard Storvik, CEO of XPRO, stated that “Advansia and XPRO complement each other really well. We have the same commitment to delivering high-quality projects and we both have a culture that focuses on a professional environment and sharing of expertise. Together, we are well-equipped to develop new and existing offerings.”
Increased Offerings and Capacity for Clients and Employees
The acquisition of XPRO will increase AFRY’s offerings and capacity, benefiting both their clients and employees. With regional offices in each part of Norway, AFRY is set up to be a significant partner across the country. There is a high level of activity in the Northwest of Norway, and plans for larger investments within urban development and the industry and energy sector in the coming years.
Consolidation of XPRO in AFRY
XPRO works with both public and private clients and has an annual turnover of around NOK 70 million. XPRO is planned to be consolidated in AFRY in July 2023. Christopher Klepsland, Country Manager Norway at AFRY and CEO of Advansia, stated that “together with XPRO, we increase our offerings and capacity, benefiting both our clients and employees.”
Conclusion
AFRY’s acquisition of XPRO is set to strengthen its position and capacity within project and construction management, paving the way for further development of new and existing offerings regionally and nationally. With XPRO’s leading position in project development and management in the Northwest of Norway, and Advansia’s expertise in major construction projects across the country, the two companies complement each other well. This acquisition will increase AFRY’s offerings and capacity, benefiting both their clients and employees, and positioning them as a significant partner across Norway.
Bernie is an experienced financial journalist with a focus on Earnings News and Financial updates. He has been working as a journalist for more than 8 years and has been with Survey Paid since 2019. His byline can be found on articles covering stock market analysis and commentary, earnings reports, and other financial news. Based in New York City, NY.
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