Sweco
{{Short description|Swedish engineering and architecture company}}
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.{{Cite web |title=The most approachable and committed partner with recognised expertise |url=https://www.sweco.se/en/about-us/ |access-date=4 June 2020 |website=sweco.se |language=en |archive-date=4 June 2020 |archive-url=https://web.archive.org/web/20200604234614/https://www.sweco.se/en/about-us/ |url-status=dead}}{{Infobox company
| name = SWECO AB
| logo = SWblackpngWebb.png
| type = Publicly traded Aktiebolag
| traded_as = {{OMX|SSE1061|SWEC A}} (Class A)
{{OMX|SSE1062|SWEC B}} (Class B)
| foundation = 1997
| founder = Gunnar Nordström
| location = Kungsholmen, Stockholm, Sweden
| area_served = Mainly northern Europe
| key_people = {{ubl|Johan Nordström (chairman)|Åsa Bergman (president{{wbr}} and CEO)}}
| industry = Engineering
| products = Consultancy
| revenue = 2.5 billion euro{{cite web |url=https://www.swecogroup.com/corporate-news/sweco-publishes-annual-and-sustainability-report-for-2023/ |title=Sweco Group - Sweco publishes Annual and Sustainability Report for 2023 |website = sweco.se}}
| operating_income =
| net_income =
| assets =
| equity =
| num_employees = 22,000 (2024){{cite web |url=https://www.sweco.se/om-sweco-sverige/ |title=Om Sweco Sverige - Sveco Sverige |website = sweco.se }}
| subsid =
| parent = Investment AB Latour (31.0%)
| homepage = [http://www.swecogroup.com/ SWECO]
| intl =
}}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.{{Cite web |title=Annual reports |url=https://www.sweco.se/en/IR/finansiella-rapporter/annual-reports/ |access-date=4 June 2020 |website=sweco.se |language=en |archive-date=4 June 2020 |archive-url=https://web.archive.org/web/20200604234611/https://www.sweco.se/en/IR/finansiella-rapporter/annual-reports/ |url-status=dead}} Åsa Bergman is president and CEO since 2018.{{Cite web |title=Sweco's Headquarters, Stockholm |url=https://www.sweco.se/en/our-offer/architecture/office/sweco-building-stockholm/ |access-date=4 June 2020 |website=sweco.se |language=en |archive-date=4 June 2020 |archive-url=https://web.archive.org/web/20200604233054/https://www.sweco.se/en/our-offer/architecture/office/sweco-building-stockholm/ |url-status=dead}}
History
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. 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.{{cite web |url = https://www.swecogroup.com/about-us/our-history/ |publisher = Sweco Group |title = Our History |language=en}}
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.{{Cite web |title=Uppfinnaren och entreprenören Hugo Theorell |url=https://www.sweco.se/om-oss/historia/ur-arkivet/ur-arkivet/uppfinnaren-och-entreprenoren-hugo-theorell/ |access-date=4 June 2020 |website=sweco.se |language=sv}} Due this heritage, Sweco had claimed over 130 years of experience in engineering projects. During 2018, BML Ingenieurgesellschaft mbH{{cite web |access-date=4 June 2021 |language=de |title=Sweco GmbH übernimmt BML Ingenieurgesellschaft mbH - tab - Das Fachmedium der TGA-Branche |url=https://www.tab.de/news/tab_Sweco_GmbH_uebernimmt_BML_Ingenieurgesellschaft_mbH_3134289.html }}{{Dead link|date=April 2025 |bot=InternetArchiveBot |fix-attempted=yes }} and Götzelmann + Partner GmbH{{cite web |access-date=4 June 2021 |language=de-DE |title=Sweco GmbH stärkt den Bereich Abwasser mit der Übernahme der Götzelmann + Partner Ingenieurgesellschaft - Sweco Deutschland |date=7 October 2018 |url=https://www.sweco-gmbh.de/aktuelles/news/sweco-gmbh-staerkt-den-bereich-abwasser-mit-der-uebernahme-der-goetzelmann-partner-ingenieurgesellschaft/}} 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.{{Cite web |date=19 April 2021 |title=Urban Insight - Urban Health and Wellbeing |url=https://www.sweco-gmbh.de/urban-insight/ |access-date=16 March 2023 |website=sweco-gmbh.de/ |language=de-DE}}
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,{{Cite web |title=Investor Relations |url=https://www.sweco.se/en/ir/investor-relations/ |access-date=4 June 2020 |website=sweco.se |language=en |archive-date=5 June 2020 |archive-url=https://web.archive.org/web/20200605002643/https://www.sweco.se/en/ir/investor-relations/ |url-status=dead}} and has its historical roots in a number of companies, among them:
- BECO
- BLOCO
- Theorells Installationskonsult AB
- VBB
- Vectura Consulting AB{{Cite web |title=Investor Relations |url=https://www.sweco.se/en/ir/investor-relations/ |access-date=4 June 2020 |website=sweco.se |language=en |archive-date=5 June 2020 |archive-url=https://web.archive.org/web/20200605002643/https://www.sweco.se/en/ir/investor-relations/ |url-status=dead}}
- VIAK
- Grontmij{{Cite web |title=Sweco och Grontmij bildar Europas ledande teknikkonsult |url=https://www.sweco.se/nyheter/press/2015/sweco-och-grontmij-bildar-europas-ledande-teknikkonsult/ |access-date=4 June 2020 |website=sweco.se |language=sv}}
- Årstiderne Arkitekter
- MLM Group{{Cite web |title=Sweco förvärvar brittiska MLM Group |url=https://www.sweco.se/nyheter/press/2019/sweco-forvarvar-brittiska-mlm-group/ |access-date=4 June 2020 |website=sweco.se |language=sv |archive-date=4 June 2020 |archive-url=https://web.archive.org/web/20200604234625/https://www.sweco.se/nyheter/press/2019/sweco-forvarvar-brittiska-mlm-group/ |url-status=dead}}
- KANT Architects
- OJ Rådgivende Ingeniører{{Cite web |title=Danish acquisition for Sweco |url=https://www.theconstructionindex.co.uk/news/view/danish-acquisition-for-sweco |access-date=6 September 2023 |website=theconstructionindex.co.uk |language=en}}
By 2019, Sweco Group employed 16,000 people, including 5,600 in Sweden.{{Cite web |title=Om Sweco Sverige - Sveco Sverige |url=https://www.sweco.se/om-sweco-sverige/ |access-date=13 August 2022 |publisher=Sweco Sweden |language=sv-SE}} With just over 30%, the company's largest shareholder is Investment AB Latour, which belongs to Swede Gustaf Douglas.
Notable projects
- Abu Simbel temples – the relocation of the temples in the 1960s
- Bloomberg European Headquarters, London
- City Tunnel (Malmö)
- European Spallation Source (ESS), Lund
- Facebook data center, Luleå
- Kuwait Towers
- Kuwait Water Towers
- Stockholm City Line
- Tegera Arena
- The Northern Link (Norra länken)
- The Ray Farringdon, London
- Øresund Bridge, Malmö & Köpenhamn
- Bybanen
- Oosterweel Link
References
{{Reflist}}
External links
- [https://www.sweco.se/en Official website]
- [https://www.sweco.se/en/IR/financial-reports/ Financial reports] {{Webarchive|url=https://web.archive.org/web/20200605010736/https://www.sweco.se/en/IR/financial-reports/ |date=2020-06-05 }}
- [https://www.sweco.se/en/about-us/history/ Sweco history] {{Webarchive|url=https://web.archive.org/web/20200605013255/https://www.sweco.se/en/about-us/history/ |date=2020-06-05 }}
{{Authority control}}
Category:Companies based in Stockholm
Category:International engineering consulting firms
Category:Companies listed on Nasdaq Stockholm
Category:Swedish companies established in 1997