Swedish engineering firm acquires firms in Lithuania, Norway

Sweden-based engineering group SWECO announced the acquisition of engineering firms in Lithuania and Norway and the addition of other staff in Central and Eastern Europe.

SWECO said December 13 it signed an agreement to acquire Hidroprojektas of Lithuania, a provider of consulting engineering services in water supply, hydropower, and infrastructure. SWECO said acquisition, from holding company Invalda, of the Kaunas-based Hidroprojektas and its 175 employees makes SWECO the largest engineering consultancy in Lithuania.

�In the past year, we have grown from 80 to over 800 employees in Central and Eastern Europe,� Per Johansson, managing director of SWECO Central and Eastern Europe, said. �Now we are adding another 175 employees and doubling the number of consultants in Lithuania.�

The acquisition is subject to approval of the Lithuanian Competition Authority.

Meanwhile, SWECO’s Norwegian unit, SWECO Groner, signed agreements to acquire Norwegian Opticonsult with 160 employees and Tveiten AS with 29 employees.

SWECO Groner Managing Director Vibecke Hverven said acquiring Opticonsult makes SWECO one of the largest and most competitive consulting engineering companies in Norway with a staff of nearly 800. With most of its employees in Bergen and Stavanger, Opticonsult emphasizes construction and civil engineering, with special expertise in the polar region.

A few days earlier, SWECO Groner announced the acquisition of Tveiten AS, a mid-sized engineering firm in the Telemark Region, southwest of Oslo. The company’s specialties include water and wastewater engineering, environmental engineering, technical installations, climate technology, and structural engineering.

SWECO has about 4,900 employees in ten countries with annual sales of about 3.9 billion kronor (US$605 million) in 2006.

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