ÅF Consult has placed a public cash offer to acquire all shares in Finnish-based Pöyry. Pöyry is a Finnish counterpart to ÅF and the background of the offer is, by a combination of the parties, to create a leading European engineering and consulting firm. The combined company will be named ÅF-Pöyry. The current major shareholders recommend the offer to the remaining shareholders. Pöyry reported a turnover of EUR 553m and EBITDA of EUR 47.9m the LTM, corresponding to an EV/EBITDA multiple of 12.8x.