Norway: Digitalization Afry Takes Over ITE Østerhus
ITE Østerhus’ acquisition in Kristiansand, Norway by Afry offers the company access to a vital regional market and also enhances the firm’s capacity within electrical engineering, automation and digitalization. The move is expected to strengthen the company’s position in the process industry.
Stockholm/Sweden – ITE Østerhus specializes in electrical engineering, automation and digitalization for industrial customers. The company's largest market areas are smelting plants and process- and food industries. The firm focuses on a wide range of projects of various sizes and complexities. The company delivers integrated solutions including the entire hierarchy of hardware equipment, panel production, automation, system integrations and digital solutions.
The acquisition adds a new location in the south of Norway with access to a new important regional market. ITE Østerhus complements Afry’s service offering and increases the company’s capacity within electrical engineering, automation and digitalization.
“Digitalization is an important strategic focus area for Afry. With this acquisition, we increase our competitiveness in digitalization towards the industrial market,” says Jon Julsen, Director of Process Industries, Afry.
“By joining Afry we strengthen our position as a strategic partner for our customers through increased capacity, competence and services. This will create new business opportunities and access to a larger market,” says Jarle Windegaard, CEO of ITE Østerhus.
The company has 22 employees and the estimated revenue for 2020 is approximately 5 million dollars (MSEK 40). The company will be consolidated into Afry as from January 2021.
In Norway, Afry has more than 900 employees with offices in Oslo, Stavanger, Trondheim, Molde, Ålesund, Lillestrøm, Sarpsborg, Sandefjord and now also in Kristiansand.