Sweco expands in sustainable residential development – by acquiring Norwegian company Arcasa Arkitekter
The acquisition makes Sweco a leading player in architectural services and the largest in residential architecture in the Norwegian market.
Arcasa Arkitekter, whose primary operations are within sustainable residential development, has 70 employees and had sales of NOK 125 million in 2021.
“Sweco began as an architecture firm in the 1950s and has grown out of the conviction that it is a strength to combine architectural and engineering consultancy services. The acquisition means that we are continuing to strengthen our services in sustainable urban development,” says Åsa Bergman, President and CEO of Sweco.
In autumn 2020, Sweco acquired TAG Arkitekter, thus establishing architecture operations in the Norwegian market. Together with the acquisition of Arcasa Arkitekter, Sweco will become a leading player in architectural services and the largest in residential architecture in Norway, with a total of 180 employees. In terms of the entire group, Sweco is the world's fourth largest architectural company.
“Arcasa Arkitekter is an architecture firm with highly skilled employees that is behind a number of successful residential projects. I am very happy about the opportunity of welcoming Arcasa Arkitekter’s employees to Sweco,” says Grete Aspelund, President of Sweco Norway.
“We have been evaluating the possibility of entering into a strategic partnership for some time and consider Sweco to be the right partner for Arcasa Arkitekter. Architecture and urban development are key areas for Sweco, and by being a part of Europe’s largest architecture and engineering consultancy, we will have the scope to develop further,” says Anne Cathrine Lund-Steigedal, CEO of Arcasa Arkitekter.