Sweco announced that it completed the transaction to acquire all the shares of Vectura. The transaction has effectively made Sweco the biggest single company offering engineering consultancy in the Scandinavian region.
The acquisition cost agreed by both Sweco and the Swedish Government to acquire Vectura was estimated to reach 900 MSEK. This bolsters Vectura's position as the leader in consultancy for transportation infrastructure and will boost its yearly revenues to 8,800 MSEK. The figure is substantial compared to its current 1,327 MSEK in annual sales.
It will also increase the total number of personnel from the present 1,200 to around 9,000 workers, spanning in several locations in Eastern and Central Europe, as well as the Nordic region.
According to the company's financial disclosure, Sweco generates yearly sales of around SEK 8.8 billion. It is also currently implementing projects and pipelined a number of transport infrastructure and railways in approximately 80 countries all over the globe. The company is listed in NASDAQ Stockholm.
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