Sweco acquires Vectura
Sweco has agreed to acquire consulting engineering firm Vectura from the Swedish Government. The acquisition will create the largest engineering consultancy in the Nordic market, with annual sales of approximately SEK 8.8 billion and around 9,000 employees. The total purchase consideration amounts to SEK 927 million.
Vectura is the Nordic region’s leading provider of consulting services for transport infrastructure and has an especially strong position in the Swedish railway sector. The company has 1,200 employees and a presence at some 40 locations in Sweden, Norway and Denmark. Vectura was formed in 2009 through the merger and incorporation of the Swedish Road Administration Consulting Services and the Swedish Railway Administration’s engineering services. In 2012 Vectura reported annual sales of SEK 1.3 billion.
Sweco is an international consulting group with combined expertise in consulting engineering, environmental technology and architecture. Sweco has annual sales of approximately SEK 7.5 billion and around 7,800 employees in the Nordic region and Central and Eastern Europe. The company has projects currently underway in some 80 countries worldwide. Sweco is listed on NASDAQ OMX Stockholm.
Sweco was advised by Mannheimer Swartling in the transaction. The firm’s team, headed by Mattias Karlsson, included Ola Espelund, Stephanie Salehian (M&A), Stefan Perván Lindeborg and Lisa Staxäng (Competition) and Mattias Lampe and Karin Stattin (Financing).