Ingeniørværket ApS sold to Norconsult A/S

In just ten years, Ingeniørværket ApS has established a strong position in Esbjerg and the surrounding area as a medium-sized consulting engineering company with 26 employees.
Typical tasks include project planning, client consultancy and project and construction management.

As a result of a structured sales process, ownership of the company has been transferred to Norconsult A/S, which has 560 employees in Denmark and a total of 5,600 employees mainly in the Nordic region.

The generational change is now a reality in the company that founder Finn Bojsen has built together with co-owner Tage Øhlenschlæger.

Consulting engineering company attractive for acquisition

Business Broker Ingeniørværket in the structured sales process. The team consisted of Ole Jensen and Claus Bruun , who advised the seller on conducting a broad market search and selecting serious buyer candidates, as well as final negotiations and closing with the right buyer.

According to Ole Jensen, Ingeniørværket has been an attractive case for companies looking for acquisitions.

"Ingeniørværket is a well-run company with skilled employees who can provide documentation that there is a sound economy in every single task they solve. A potential buyer naturally values that," he says.

Another factor that has influenced the valuation of Ingeniørværket is geographical location and customer base.

"The large consulting engineering companies are no longer only acquiring to consolidate, but also to achieve a strategic goal within a niche or geographical area. Ingeniørværket has strong competencies in construction and many local contacts in a large part of West Jutland. In this way, Norconsult gains direct access to the growth market in West Jutland with the acquisition of Ingeniørværket," Ole Jensen points out.

Advisor in the sale of an engineering company

Salesperson Finn Bojsen looks back on a sales process in which Business Brokers created both calm and momentum.

"It has been a long process involving an incredible number of elements in the form of documents, tactics, and requirements for knowledge in finance and law. We could not have handled it without Business Broker, Business Brokersays Finn Bojsen.

As an example, he highlights that Business Broker to present proposed solutions that were also attractive to the buyer.

"We have had two very experienced brokers at our disposal and we are very pleased with their approach and the process they have driven for us," he adds.

generational succession consulting engineers

From Business Brokers , Finn Bojsen and Tage Øhlenschlæger's decision to sell their company is an example of timely prudence.

"Buyers of consulting engineering firms demand access to the company's know-how and network. Management often holds key positions in this regard. Therefore, it is prudent for Finn Bojsen to seek new ownership now, while he is in his early 60s," says Claus Bruun from Business Broker.

Finn Bojsen has signed an agreement with Norconsult to continue as CEO for the coming years.

Tage Øhlenschlæger, who is in his 40s, continues in his position as Project Manager.

For Finn Bojesen, the sale of his company is not just a generational successionthat secures his exit in the long term. He also sees the change of ownership as a way of securing the future for his employees.

"Employees have the opportunity to contribute to new types of tasks and engage in new professional contexts that strengthen their skills."