AF has acquired energy expert P.A.P as it aims to establish itself on the Danish energy market and create a strong basis for further growth in the Nordics.
P.A.P, is a leading engineering and consultancy company with expertise in electrical power, covering all parts of the value chain from production to transmission and distribution. Founded in 1906, P.A.P supplies advisory, technical and administrative engineering services in various business segments such as Substations, Transmission, Distribution, Renewable and Heat & Power.
“Denmark is a prioritised and interesting market for us with upcoming investments in the Danish main grid system. P.A.P has a deep competence within transmission and distribution which complements our offering and will enable further growth within energy in the Nordics,” explained President and CEO of ÅF, Jonas Gustavsson.
“We are looking forward to become a part of ÅF, one of the strongest engineering and design companies in Scandinavia. Our customers and employees will benefit from our joint capacity and competence. Together we will have the ability to take on “major transmission and distribution projects,” stated Carsten Eichstedt, CEO of P.A.P.
P.A.P has annual sales of SEK 60 million and is mainly focused in the Danish market including the Faroe Islands and Greenland. The Company has 46 employees located in Copenhagen, Aalborg and Aarhus.
ÅF has been recognised by the Danish newspaper Børsen as one of the fastest growing companies in Denmark and has achieved the Børsen's Gazelle for 2018.
"We continue our growth journey in Denmark and we are looking forward to creating sustainable engineering and design solutions together with our customers and employees, " said Jonas Gustavsson.
P.A.P will be combined with ÅF Group in October 2018.