Sitowise acquires new expertise in Sweden – Mavacon AB joins the group

Sitowise Group Plc Investor News 31 January 2022

Mavacon is a strong consultant in infrastructure and community construction, located in Falun. Sitowise aims for a significant position in the Nordic countries as a versatile built environment expert. The Group has grown rapidly in Sweden over the past two years, and the latest acquisition will diversify the company's services in the country.

Founded in November 2015, Mavacon Mark & ​​VA Consult AB is a 13-employee company with core competencies in consulting, technical studies and design services for road, land, water, sewer, and urban runoff projects. The company's customers are municipalities, municipal companies, and private operators for whom Mavacon has carried out projects widely in the whole country, from Malmö to Östersund.

“I am very happy that Mavacon is joining the Sitowise family in Sweden. It is a good step forward in our strategy to strengthen our offer in infrastructure planning and in expanding our geographical coverage. We now have even better opportunities to serve our customers in diverse projects in the built environment, which constantly require more broader expertise. The more extensive expertise we can offer, the better we will succeed in the future”, says Jonas Larsson, Sitowise's Head of Swedish Operations.

Sitowise has made five acquisitions in Sweden during the recent years. Group’s subsidiary Byggnadstekniska Byrån (BTB) AB employs 180 structural and geotechnical experts and Technology for Infrastructure projects Sweden (TFIP) AB employs 70 building technology experts, working mainly for large underground infrastructure projects.

“We are excited about this new chapter in Mavacon’s story. We can take our next development steps as part of Sitowise, and we will get to grow together. This is a great opportunity for both us and our clients. The knowhow of our experts complements each other, which also enables our customers to have an even more comprehensive service, sums up Truls Persson, one of Mavacon's founders.

In the transaction, Sitowise will acquire the entire share capital of Mavacon. Mavacon’s founding owners and other personnel will continue in their current positions.

For more information, please contact:

Jonas Larsson
Head of Swedish Operations, Sitowise
+46 703 3001 27
jonas.larsson@sitowise.com 

Truls Persson
Co-founder and co-owner, Mavacon AB
+46 73 031 11 88
truls.persson@mavacon.se

Sitowise is a Nordic specialist and digitalist in the built environment. We offer design and consulting services for smarter and more sustainable urban development as well as smooth transportation. We operate in three business areas in Finland and Sweden: real estate and buildings, infrastructure, and digital solutions. We want to raise the bar of being smart and sustainable, which is why our vision is to be the most responsible partner in developing a prosperous living environment. Sitowise has grown rapidly and profitably in the past years. The group’s net sales were EUR 160 million in 2020 and the company employs over 2,000 experts. The company is listed on Nasdaq Helsinki. www.sitowise.com

Mavacon is a technology consultant with a focus on community building. We offer consulting services in community construction, land, street, water and sewerage. The services can be anything from strategic investigations and feasibility studies in the early stages to a completed facility. We are located in Falun but have assignments across most of the country, from Malmö in the south to Funäsdalen in the north. All employees have many years of experience in the industry and have previously worked for various consulting companies, contractors, and municipalities. Our driving force is to work with the customer's organization to find the best and most efficient solutions. Our ambition is to, in the way that suits the customer, best assist from planning to finished facility. We are simply consulting engineers and community planners with the best interests of the client organization in mind. www.mavacon.se