Solwers Plc Press release 21 February 2023 at 15.30 EET
Solwers expands in Sweden through acquisition of technical consultancy in rail industry
Solwers expands its service portfolio and Solwers Sweden AB has signed today an agreement to acquire the entire capital stock in Transport Consultancy Group Nordic AB, which is specialised in technical consultancy in rail industry.
Transport Consultancy Group Nordic AB was founded in 2016, is based in Stockholm and employs 17 people. The company's consulting services are primarily focused on project and documentation management, quality management, asset management and supply assurance. The company's end customers consist primarily of Swedish state and regional public organizations engaged in rail transport as well as leading international train suppliers. The company's turnover 07/2021 - 06/2022 amounted to SEK 30 million.
“Transport Consultancy Group Nordic's expertise and experience in sustainable transport systems is a welcome addition to Solwers’ service offering. A joint customer base with Establish Schening, which we acquired last spring, supports the development of the business. The popularity of more sustainable transport has increased demand for this type of service and Solwers is looking to further strengthen and develop its expertise in this area. The projects are long term, and the business is relatively stable regardless of the economic climate. The company's profitability has historically been higher than our medium-term target, which is good,” states Leif Sebbas, Chairman of the Board of Solwers Plc.
“Becoming part of Solwers gives us access to a wide network of expertise and potential project areas where our product portfolio and expertise can make our offering and business even stronger. This will allow us to continue to develop while staying as Transport Consultancy Group Nordic AB and safeguarding what we have built up to date”, tells Kristoffer Oebius, Managing Director and founder of Transport Consultancy Group Nordic AB.
” We are very positive about the merger with Solwers. We see great opportunities for us to develop together with the other Solwers companies while continuing to operate under the same culture and brand as before. We also see how our expertise and tools can contribute to the Group's other companies and projects”, says Stefan Nordin, Co-founder and Chairman of Transport Consultancy Group Nordic AB.
Leif Sebbas, Chairman of the Board, Solwers Plc, tel. +358 50 044 7744
Stefan Nordin, Chairman of the Board, Transport Consultancy Group Nordic AB, tel. +46 76 76 20 35 94