Sweco completes the acquisition of Vectura
All conditions have been fulfilled and Sweco has on 31 July 2013 closed the previously announced acquisition of Vectura. Sweco has acquired all shares in Vectura from the Swedish Government for a consideration consisting of a purchase price in cash amounting to 927 MSEK (equity value). The final value of the acquisition (enterprise value) amounts to approximately 900 MSEK. Through the acquisition Sweco becomes the largest engineering consultancy in the Nordic market.
Vectura, with approximately 1,327 MSEK in annual sales and approximately 1,200 employees, 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 acquisition will give Sweco annual sales of approximately 8,800 MSEK and a total of approximately 9,000 employees.
For further information on the acquisition of Vectura, please see Sweco’s press release dated 17 June 2013.
Attached information
Anna Elisabeth Olsson
Head of Press and Public Affairs