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Sweco

From Wikipedia, the free encyclopedia

Sweco (originally "Swedish Consultants") is a European engineering consultancy company, active in the fields of consulting engineering, environmental technology and architecture.  Sweco is one of Europe's leading architecture and engineering consultancy company, established in 14 countries (Sweden, Norway, Finland, Denmark, Estonia, Lithuania, Bulgaria, Czech Republic, Germany, Belgium, Netherlands, UK, Ireland and Poland). Sweco carries out projects in 70 countries annually throughout the world.[1]

SWECO AB
Company typePublicly traded Aktiebolag
Nasdaq Stockholm: SWEC A (Class A)
Nasdaq Stockholm: SWEC B (Class B)
IndustryEngineering
Founded1997
FounderGunnar Nordström
HeadquartersKungsholmen, Stockholm, Sweden
Area served
Mainly northern Europe
Key people
ProductsConsultancy
Revenue2.5 billion euro[2]
Number of employees
22,000 (2024)[3]
ParentInvestment AB Latour (31.0%)
WebsiteSWECO

Sweco plans and designs buildings and community infrastructure. The company assists with analysis, calculations, studies and the planning, design and construction of what is to be built.

The company is listed on NASDAQ OMX Stockholm since 1998, and has since acquired more than a hundred companies of varying sizes.[4] Åsa Bergman is president and CEO since 2018.[5]

History

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Sweco was formed in 1997 through the acquisition of VBB group (Vattenbyggnadsbyrån AB) by FFNS (Falck/Fogelvik/Nordström/Smas AB). The name Sweco is an abbreviation of "Swedish Consultants", a name that had been used by VBB on its international projects.[6] VBB had conducted its first international project in St. Petersburg in 1902; by the 21st century, the companies in Sweco's portfolio had carried out projects in more than 100 countries. Sweco expanded as a company over time, largely as a result of over 130 mergers that have been completed since its listing in 1998.[6]

The oldest of the various engineering offices under its umbrella formerly traded as Theorells Installationskonsult AB, which was founded in 1889 by Swedish MSE Hugo Theorell; it was rebranded as Sweco Systems AB following its acquisition.[7] Due this heritage, Sweco had claimed over 130 years of experience in engineering projects. During 2018, BML Ingenieurgesellschaft mbH[8] and Götzelmann + Partner GmbH[9] joined Sweco. The two companies strengthen the areas of technical building equipment as well as wastewater. That same year, the company launched an international campaign called Urban Insight, which looks at current challenges in urban development.[10]

Sweco has grown both organically and through acquisition. Sweco has extensive experience in acquisitions and has been a force for consolidation in Sweden, the Nordic region and in northern Europe. Sweco has since 1998 acquired over 100 companies,[11] and has its historical roots in a number of companies, among them:

By 2019, Sweco Group employed 16,000 people, including 5,600 in Sweden.[16] With just over 30%, the company's largest shareholder is Investment AB Latour, which belongs to Swede Gustaf Douglas.

Notable projects

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References

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  1. ^ "The most approachable and committed partner with recognised expertise". sweco.se. Archived from the original on 4 June 2020. Retrieved 4 June 2020.
  2. ^ "Sweco Group - Sweco publishes Annual and Sustainability Report for 2023". sweco.se.
  3. ^ "Om Sweco Sverige - Sveco Sverige". sweco.se.
  4. ^ "Annual reports". sweco.se. Archived from the original on 4 June 2020. Retrieved 4 June 2020.
  5. ^ "Sweco's Headquarters, Stockholm". sweco.se. Archived from the original on 4 June 2020. Retrieved 4 June 2020.
  6. ^ a b "Our History". Sweco Group.
  7. ^ "Uppfinnaren och entreprenören Hugo Theorell". sweco.se (in Swedish). Retrieved 4 June 2020.
  8. ^ "Sweco GmbH übernimmt BML Ingenieurgesellschaft mbH - tab - Das Fachmedium der TGA-Branche" (in German). Retrieved 4 June 2021.
  9. ^ "Sweco GmbH stärkt den Bereich Abwasser mit der Übernahme der Götzelmann + Partner Ingenieurgesellschaft - Sweco Deutschland" (in German). 7 October 2018. Retrieved 4 June 2021.
  10. ^ "Urban Insight - Urban Health and Wellbeing". sweco-gmbh.de/ (in German). 19 April 2021. Retrieved 16 March 2023.
  11. ^ "Investor Relations". sweco.se. Archived from the original on 5 June 2020. Retrieved 4 June 2020.
  12. ^ "Investor Relations". sweco.se. Archived from the original on 5 June 2020. Retrieved 4 June 2020.
  13. ^ "Sweco och Grontmij bildar Europas ledande teknikkonsult". sweco.se (in Swedish). Retrieved 4 June 2020.
  14. ^ "Sweco förvärvar brittiska MLM Group". sweco.se (in Swedish). Archived from the original on 4 June 2020. Retrieved 4 June 2020.
  15. ^ "Danish acquisition for Sweco". theconstructionindex.co.uk. Retrieved 6 September 2023.
  16. ^ "Om Sweco Sverige - Sveco Sverige" (in Swedish). Sweco Sweden. Retrieved 13 August 2022.
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