Artelia Acquires Danish Engineering Firm, MOE

Artelia Acquires Danish Engineering Firm, MOE

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ARTELIA takes a decisive step in its international development by acquiring MOE, a leading player in the Danish engineering sector and achieves its ambition to become one of Europe’s major engineering firms.

On 5 December 2019 in Copenhagen, ARTELIA and MOE announce the acquisition of 100% of the shares in MOE by ARTELIA, as a result of which the shareholders of MOE will reinvest and become shareholders in Artelia, which is wholly owned by its managers and employees.

Through this acquisition ARTELIA, a leading independent French engineering company in the fields of building construction, infrastructure, industry, water and the environment, achieves its ambition tobecome one of Europe’s major engineering firms.
For MOE, a key player on the Danish market, benefitting from the backing of an international group represents a genuine opportunity to develop its business in new sectors and markets, in Northern Europe in particular.

A strategic merger underpinned by strong synergies and shared values

MOE is a leading Danish engineering firm with a strong position in its domestic market. In addition to its registered offices in Copenhagen and network of regional branch offices, MOE also has two subsidiaries located in Norway and the Philippines. Its consolidated turnover was €82m in 2018. Its 900 employees provide top-level expertise in three complementary business lines: building construction, energy & industry, and infrastructure.

This acquisition is perfectly aligned with ARTELIA’s goal of developing its business at a sustained and controlled pace and becoming a leader on the European market. Thanks to this merger, ARTELIA will benefit from MOE’s client portfolio and cutting-edge expertise, particularly in the fields of sustainable development, circular economy and energy.

On signing this commitment, Benoît Clocheret, Chief Executive Officer of ARTELIA, declares: “With MOE as part of the Group we have broken into the top 15 consulting engineering firms in Europe, with 5,900 employees and a turnover of €632m*, of which nearly 40% is generated outside France. In joining forces, we are enhancing our skills, diversifying our offering, expanding our client base and stepping up our international development, while improving our resilience in an uncertain and volatile world. Driven by common values such as independence, proximity to clients, technical excellence and emphasis on human assets, we are starting a new chapter in our history, with the desire to continue generating more value for our clients and contributing to building a sustainable future for our planet and its inhabitants.”

*: pro forma consolidated turnover of ARTELIA and MOE in 2018