Sweco
Swedish engineering consultancy company Sweco has signed an agreement to acquire the rail infrastructure engineering and consulting services business from NRC Group. The acquisition cements the company's place as a major force in full service railway design in the region.
“We continue to deliver on our growth strategy with the ambition to become market leader in all of our key markets. With the acquisition we strengthen our offering in a segment with large investment needs and a strong market. There is an excellent match of competences and I am happy and proud to welcome all of our new colleagues to Sweco,” said Åsa Bergman, President and CEO of Sweco.
With the acquisition comes 320 new railway design experts in Sweden and Finland. In Finland, Sweco takes a market leading position within railway design engineering and becomes one of the largest players in the market in the fields of infrastructure, mobility and urban planning.
The acquisition also strengthens Sweco's position in its home market in Sweden, as well as reinforcing its position in Northern Europe with 1,200 rail and light rail professionals.
"In Finland specifically, we will now be able to provide a full-service range to our railway and light railway customers. Increasing railway transportation is one of the key actions to prevent the climate change in and between urban areas, and Sweco is strongly involved in this development as an expert and trusted adviser of sustainable urban planning,” said Markku Varis, President of Sweco Finland.
“Throughout our company’s history, design has always been an important part of our business, so we have worked hard to find an owner that will best be able to develop our design business going forward. We believe that our designers will reach their full potential as part of Sweco and continue to enhance their expertise. NRC Group and Sweco are currently working together on many projects and this acquisition will give us a chance to expand our collaboration in The Nordics. From now on, our experts can develop railway transportation in all of Northern Europe together with Sweco. This is a great opportunity,” says Harri Lukkarinen, Managing Director of NRC Group Finland.
The Finnish competition authority approval process for the acquisition has been initiated.
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