Engineering consultancy company Sweco has agreed to acquire NRC Group’s rail infrastructure, engineering and consulting services business.
The acquired business employs 320 railway design specialists in Finland and Sweden.
Commenting on the deal, Sweco president and CEO Åsa Bergman said: “We continue to deliver on our growth strategy with the ambition to become a market leader in all of our key markets.
“With the acquisition, we strengthen our offering in a segment with large investment needs and a strong market. There is an excellent match of competences and I am happy and proud to welcome all of our new colleagues to Sweco.”
The deal will establish Sweco as one of the largest players in the Finland market in the fields of infrastructure, mobility and urban planning.
Furthermore, it will also bolster the company’s position in Sweden.
Following the acquisition, Sweco will employ over 1,200 rail and light-rail professionals in northern Europe.
NRC Finland managing director Harri Lukkarinen said: “Throughout our company’s history, design has always been an important part of our business, so we have worked hard to find an owner that will best be able to develop our design business going forward.
“We believe that our designers will reach their full potential as part of Sweco and continue to enhance their expertise.
Sweco said that the Finnish competition authority approval process for the buyout has been initiated.
Lukkarinen said: “NRC Group and Sweco are currently working together on many projects and this acquisition will give us a chance to expand our collaboration in the Nordics. From now on, our experts can develop railway transportation in all of Northern Europe together with Sweco. This is a great opportunity.”