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Sweco was formed 1997, when FFNS , founded itself in 1958, acquired VBB group . The name Sweco is an abbreviation of "Swedish Consultants", a name used by VBB in international projects. VBB has had its first international project in St. Petersburg in 1902; since then, the companies today in Sweco's portfolio carried out projects in more than 100 countries. Sweco expanded as a company thanks to over 130 mergers between 1998 and 2020. The oldest of these engineering offices was Theorells Installationskonsult AB, founded in 1889 by Swedish MSE Hugo Theorell, and turned into Sweco Systems AB after it was acquired. For this reason, Sweco claims over 130 years of experience in engineering projects.
Sweco has grown profitably both organically and through acquisition. Sweco has extensive experience in acquisitions and has been a force for consolidation in Sweden, the Nordic region and in northern Europe. Sweco has since 1998 acquired over 100 companies and has its historical roots in a number of companies, among them:
BECO
BLOCO
Theorells Installationskonsult AB
VBB
Vectura Consulting AB
VIAK
Grontmij
Årstiderne Arkitekter
MLM Group
KANT ArchitectsIn 2019, the group employed 16,000 people, including 5,600 in Sweden. With just over 30%, the company's largest shareholder is Investment AB Latour, which belongs to Swede Gustaf Douglas.
