Sweco acquires geotechnical consultancy in Finland

Sweco has signed an agreement to acquire Sipti Consulting, a specialist in geotechnical and environmental design and consulting. The acquisition means Sweco will add some 50 experts to its operations and significantly increase its offering within geotechnical, rock and environmental engineering. 

Sipti has five offices in Finland and had net sales of EUR 6.7 million in the financial year that ended in July 2024. Sipti will be consolidated into Sweco from January 2025. 

“The Finnish market's need for advanced geotechnical and environmental consulting is stronger than ever as construction projects increasingly target challenging land areas. Moreover, the rise in rock construction, driven by investments in energy storage, heat pump initiatives, and the burgeoning energy and industrial sectors – including wind, solar power, and data centres – further amplifies the demand for geotechnical expertise,” says Thomas Hietto, Business Area President for Sweco in Finland.

As Finland faces increasing urbanisation – with over 85 per cent* of its population now residing in urban areas – demand is growing for geotechnical planning. This trend is expected to intensify, particularly in metropolitan areas such as Helsinki, alongside major university cities and surrounding peri-urban zones. 

"Sweco has worked closely with Sipti on a number of complex projects, and we are impressed by their expertise, which will complement our existing capabilities as a trusted advisor. Together we can offer clients advanced geotechnical and environmental engineering expertise, even for the most demanding projects,” says Thomas Hietto.

The acquisition is in line with Sweco’s acquisition strategy to grow the business by adding key skills that complement Sweco’s 22,000 experts, and it will expand the Group’s market position as Europe’s leading architecture and engineering consultancy.

Press photos:

• Photo showing aerial view of neighbourhood in Finland, free use, please credit: Getty images/Lev Karavanov
• Photo of Sweco Finland's Thomas Hietto, free use, please credit: Tobias Regell

*Source: https://population.un.org/wup/countryprofiles - UN’s World Urbanization Prospects, Finland

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

Sweco plans and designs the sustainable communities and cities of the future. Together with our clients and the collective knowledge of our 22,000 architects, engineers and other experts, 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 29 billion (EUR 2.5 billion) in 2023. The company is listed on Nasdaq Stockholm. www.swecogroup.com.