Sweco acquires FMC Group
Sweco has signed an agreement to acquire the Finnish engineering consultancy FMC Group with annual sales of EUR 80 million and around 1,100 employees.
FMC Group has offices at 21 locations in Finland and operations in the Baltic countries, Poland, Russia and India. The deal will create the second largest engineering consultancy on the Finnish market.
FMC Group is the Finnish market leader in structural engineering and holds strong positions in segments such as building service systems and industrial engineering. FMC Group reported an operating profit (EBITA) of EUR 9.4 million for the financial year 2010/2011. The acquisition will give Sweco annual sales of approximately SEK 6.4 billion and a total of around 7,300 employees, of which 1,600 in Finland.
Sweco was advised by Mannheimer Swartling and Castrén Snellman (local counsel) on the transaction. Mattias Karlsson handled the matter and was primarily assisted by Sophie Ahlberg, Anna Sukharina and Nils Nostell.