In Q3 2022, Sweco achieved its best organic growth of the past ten years. Revenues were up 9% yoy organically, primarily thanks to price increases.
Sweco Still Struggling to Resume Growth in Q3 2021
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When Will Sweco Make A Significant Acquisition?
It has been five years since Sweco made its last significant acquisition. In 2015, the company took over Grontmij, which brought 6,000 employees and revenues of EUR 659m.
Sweco: Is Sustainability Good Enough?
Sweco had a relatively mild financial performance in Q2 2021 with a 2% yoy growth at cc/cs to SEK 5,643m (USD 649m). The company did not benefit from favorable comps (Q2 2020: +2% yoy at cc/cs). Sweco suffered from its lower utilization rate and headcount
M&As: Many Tuck-In Acquisitions and Cognizant ESG
ER&D vendors continue to be very active in M&As, with many tuck-in acquisitions. AFRY is now in full acquisition mode with six transactions in 2021 YTD. Competitor Sweco has also accelerated with four transactions. Accenture has made an unusual transaction by taking over a manufacturer of industrial automation and robots in Brazil for Accenture Industry X. Finally, Cognizant acquired a significant German automotive ER&D vendor, ESG.
Sweco Profitable Despite Write-Down in Germany
Sweco Was Profitable in Q4 despite the Write-Down Swedish infrastructure engineering Sweco remained profitable despite a
UPDATED: Sweco Issues Profit Warning After German Operations Review
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Jacobs Spends USD 1.8bn on PA Consulting to Keep It Independent
Jacobs surprised us with its intention to acquire a 65% stake in PA Consulting for USD 1.8bn (enterprise value of the stake). For those of us that have been in the industry, we know that consulting acquisitions can be risky. Think of EDS and AT Kearney, Capgemini and Ernst & Young Consulting, or IBM and PwC Consulting.
PA : Jacobs Acquires Outside of its Core US Government and Engineering Markets
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Sweco, Nordics’ Alten, Impressed in Q3!
The more we get to know Sweco, the more we think it is similar to Alten. Sweco impressed in Q3 2020 by limiting its revenue decline by 2% yoy at cc/cs, to SEK 4,547m (~USD 526m).
Sweco’s Latest Acquisition Raises Many Questions
Sweco’s latest acquisition raises many questions. The company acquired a Norwegian architect firm, TAG Arkitekter (TAG).
Sweco Demonstrates Its Resilience Despite COVID-19
Sweco had already demonstrated its resilience in Q1, with a +4% organic growth. In Q2, despite COVID-19, the company remained in positive territory (+2%). The performance is a surprise, as Sweco is very sensitive to the number of working days.
Tuck-In Acquisitions Continue Despite the Stock Markets Melt-Down
Despite the stock market melt-down, ER&D vendors have continued to make tuck-in acquisitions in the past two weeks. The acquired firms were of small size and not likely to impact the net debt of their new owners. However, should the Covid-19-China-US trade-war-Stock Markets meltdown-oil price crisis degenerate into a recession, we expect suck tuck-in acquisitions to become scarce.
Sweco Acquires An Architecture Bureau in Belgium
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US giant Jacobs Engineering acquires Wood’s nuclear engineering business
Jacobs Engineering, a US infrastructure giant, is to acquire the nuclear engineering business of (another infrastructure giant in the UK) Wood. Jacobs is paying an enterprise value of USD 300m.
Infrastructure engineering vendor Sweco suffers from the calendar effect in Q2
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Sweco acquires IMP GmbH
05, 2019
Infrastructures, Sweco
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Introducing Sweco
The purpose of ERDservices.org is and remains the ER&D industry across embedded systems, mechanical engineering, digital
Sweco looks to strengthen its presence in the UK with MLM
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ÅF makes its “platform” acquisition with Poyry
ÅF is to acquire Finland-headquartered Poyry, for EUR 611m in cash. The company is offering a
What Is Assystem Up To? Part 2: ET&I
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Assystem: Back to Core Business around Nuclear Plant Engineering
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Sweco Acquires Architecture Capabilities in Denmark
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Altran Divests its U.S. Utilities Business
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