Stockholm-headquartered engineering and architecture consultancy Sweco has announced the commencement of the process to integrate Grontmij into the group, following its acquisition of Gromtmij.
Sweco announced its intention to acquire Grontjmij in June - on 25 September it then announced that the acceptance level for the offer had been met with a good margin.
Tomas Carlsson, President and CEO of Sweco said:
”With one move, we have become the European leader. We now have a more prominent role in planning and designing the communities and cities of the future.”
”Sweco and Grontmij complement each other perfectly. Both businesses are known for a strong customer focus and recognized expertise. Geographically, we operate in different markets, and this is a crucial platform for continued growth opportunities.”
With the acquisition, Sweco now has about 14,500 employees across 15 European countries.
Sweco has completed approximately 100 acquisitions over the past ten years and, on average, has doubled its sales every five years. Sweco’s acquisition strategy is based on the aim of being able to offer the right expertise for every project.
Grontmij in the UK is involved in two AMP6 Alliances for Anglian Water and Yorkshire Water respectively.
Jeff Davitt, Interim Managing Director of Grontmij UK comented:
“In the UK this means that our customers should continue to expect working with local experts who have an in-depth understanding in their specific business and needs. The difference is that Sweco’s size, stability and complementary areas of expertise further strengthen our offer and create new opportunities for the future.”
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