Systra has reached an agreement to acquire Atkins entities in Sweden Denmark and Norway which are part of the SNC-Lavalin Group.
With 770 experts working in 12 offices, including seven in Sweden, four in Denmark and one in Norway, these teams have established themselves as key players in the field of infrastructure and consultancy. Once completed, these acquisitions will mark a major step forward for Systra’s development in Nordic countries, where the Group already employs 300 staff.
The transaction is subject to regulatory approvals and satisfaction of customary closing conditions and is anticipated to be completed in the fall of 2023.
“Last March, we indicated that we would be conducting a strategic review to focus on the solid growth we had achieved in 2022. Today, this agreement further optimises our portfolio of activities and ensures that capital and human resources are deployed to the areas of our business with the highest value-creation potential,” Ian L. Edwards, President and CEO of SNC-Lavalin Group Inc., said.
The acquisition of Atkins entities will allow Systra to considerably strengthen its local presence, in line with its development ambitions in the Scandinavian countries. This transaction will support Systra’s strategy to become a leading regional player in the field of engineering and consultancy for transport infrastructures.
““We are delighted to welcome these new expert teams to SYSTRA. These acquisitions are in line with our growth strategy in Europe and strongly confirm our presence in Sweden, Denmark and Norway, where governments are investing massively in transport infrastructure, particularly railways,” Pierre Verzat, the CEO of Systra said.
The Systra Group has been present in the Nordic countries for over 10 years, and has been involved in numerous projects and emblematic ongoing projects such as Copenhagen automated metro since 2007, the electrification of the entire Danish rail network since 2013, and the automation of the S-STOG suburban trains since 2021 in Denmark. In Sweden, Systra is involved in the Ostlänken high-speed line since 2015, the Uppsala tramway since 2021 and the Kolmarden since 2023. In Norway, the company started activities for the Follo-Line high-speed line tunnel since 2018, the Vestfold Nykirke – Barkåker line since 2019 and the Grenland bridge since 2021.
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