Sweco to acquire Projektengagemang Sweden for SEK361m.

Sweco, an engineering consultancy company, offered to acquire Projektengagemang Sweden, an engineering and architecture consulting firm, for SEK361m. “We have a clear growth strategy in which we continuously seek opportunities to strengthen our competitiveness by complementing our existing client offering, reaching new growth segments and markets. Projektengagemang, which is represented nationwide, is a perfect match for Sweco, as an acquisition would increase business opportunities through an enhanced client offering in architecture, community development, construction and environment, as well as installation, and would reinforce our local presence in Sweden. We believe that we have put forward an attractive offer to Projektengagemang’s shareholders that provides them with an opportunity to realise value, and we are delighted with the strong support we have already received from the Company’s Board of Directors and major shareholders," Åsa Bergma Sweco Group CEO.