RPS Proposes to Acquire Norwegian Consultancy OEC

22.10.13

Acquisition completed 8th November 2013.

RPS Group has entered into an agreement to acquire the Norwegian project management consultancy OEC – providing project management services to the oil & gas, construction, real estate, manufacturing, renewable energy, transport and healthcare sectors. The Norwegian Competition Authority is expected to approve the close of the transaction within approximately one month from the Stock Market announcement of the proposed acquisition (18th October 2013).

The OEC Group comprises OEC Consulting AS (established 1984) and its regional subsidiary OEC South AS, Hospitalitet AS (established 1991) and Optio FM AS (established 2004). All shareholders and subsidiaries of the OEC Group – around 120 persons – are joining RPS Group.

OEC Consulting focuses on project management for the oil & gas, construction & property, industrial, renewable energy, health sector and corporate development sectors with recent projects including project management for the recently completed 50,000tpa Romerike biogas plant in Oslo, and project and engineering management in developing floating devices for LNG transportation company Höegh with whom OEC has worked since 2008.

Hospitalitet AS provides consulting and project management services for the health sector, and is currently leading the implementation and construction of Østfold’s new 300,000 capacity hospital for client RHA. The hospital will service the entire region and is due to open in 2016. OIOEC Group has framework agreements with all four of Norway’s regional health authorities.

Optio FM AS leads management operation, maintenance and development of property and construction. Optio’s experience includes the development of scheduled maintenance plans for Oslo energy agency EGE’s three recycling plants, based on mapping of current work processes and performance targets. The successes of the new maintenance plans to date are informing further maintenance plans for the client.

The acquisition expands RPS’ energy and BNE businesses in Scandinavia with skill sets and services complementing our existing skills and experience. It provides a platform for significant current and long-term growth in the Scandinavian market.