Sweco’s Strategic Move: Acquiring Medins to Lead in Aquatic Consulting

Sweco’s Strategic Move: Acquiring Medins to Lead in Aquatic Consulting

(IN BRIEF) Sweco, a prominent engineering and environmental consulting firm, has signed an agreement to acquire Medins Havs och Vattenkonsulter AB, a specialized company known for its expertise in watercourse, lake, and sea surveys. As the demand for aquatic environment expertise grows in the green transition, this acquisition positions Sweco as the leading aquatic environment consulting firm in Sweden, adding nearly 100 experts to its team. Medins is recognized for its cutting-edge knowledge in surveying aquatic environments. This strategic move is in line with Sweco’s acquisition strategy to enhance its capabilities and aligns with its commitment to environmental sustainability.

(PRESS RELEASE) STOCKHOLM, 26-Sep-2023 — /EuropaWire/ — Sweco (STO: SWEC-B), a European engineering consultancy company, has today inked a strategic agreement to acquire Medins Havs och Vattenkonsulter AB, a distinguished specialist in watercourse, lake, and sea surveys. Recognizing the increasing importance of aquatic environments in the green transition, Sweco is responding to rising client demand, both in the private and public sectors. This acquisition positions Sweco as the foremost aquatic environment consulting firm in Sweden, bolstering its team with nearly 100 experts dedicated to aquatic ecosystems.

Presently, Sweco boasts approximately 60 consultants who provide valuable insights and guidance on aquatic environments within Sweden. With Medins joining forces, Sweco gains access to one of the nation’s foremost aquatic environment experts, renowned for their cutting-edge expertise in surveying these vital ecosystems.

“Aquatic environment consulting is in growing demand, from private- and public-sector clients, for example in offshore wind power, ports, industry, mines, water and sewage treatment, and transportation infrastructure. We are now welcoming 35 new colleagues, whose expertise will become an important part of Sweco’s full-service offering and we look forward to working together to support clients within sustainable societal development,” says Ann-Louise Lökholm Klasson, President of Sweco Sweden.

“Sweco has a strong offering and with Medins’ deep expertise and long experience in aquatic environments, we’ll complement each other. Through a combination of breadth and specialties, we can offer a unique holistic perspective that creates opportunities for clients as well as employees,” says Olof Nilsson, CEO of Medins Havs och Vattenkonsulter.

Medins boasts an impressive annual turnover of approximately SEK 36 million and is home to approximately 35 aquatic environment specialists, many of whom are leaders in their specific niches across Sweden. This marks Sweco Group’s tenth strategic acquisition in 2023, aligning with the company’s overarching growth strategy, which centers on augmenting its expertise by integrating key competencies that complement its existing team of 21,000 experts.

For Sweco, this acquisition is a significant step toward reinforcing its commitment to environmental sustainability and addressing the evolving demands of a greener future.

About Medins Havs och Vattenkonsulter AB
Medins was founded in 1988, with its head office in Mölnlycke. The company has cutting-edge expertise in marine biology (salt water) and limnology (freshwater) and conducts assignments across Sweden for private- and public-sector clients. Medins works with surveys of biology, sediment, marine archaeology, underwater sound, hydrography, underwater filming, sonar mapping, biological laboratory analyses and other inventories in watercourses, lakes and seas.

Sweco plans and designs the sustainable communities and cities of the future. Together with our clients and the collective knowledge of our 21,000 architects, engineers and other specialists, we co-create solutions to address urbanisation, capture the power of digitalisation, and make our societies more sustainable. Sweco is Europe’s leading engineering and architecture consultancy, with sales of approximately SEK 24 billion (EUR 2.2 billion) in 2022. The company is listed on Nasdaq Stockholm. www.swecogroup.com

For more information, please contact:
Anna E Olsson, Sweco Group Head of Press, +4670-557 33 26, anna.e.olsson@sweco.se

SOURCE: Sweco AB