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Sweco

Sweco is Europe's leading and consultancy, founded in 1958 in and headquartered in , with approximately 21,000 employees and net sales of 31 billion (EUR 2.7 billion) in 2024. The company specializes in multidisciplinary services that address sustainable urban development, including , , , and for sectors such as , , , and . With offices in 15 countries across and projects in over 70 countries worldwide, Sweco delivers more than 150,000 projects annually, emphasizing innovative solutions to challenges like , digitalization, and . Sweco's origins trace back to the post-World War II era, when it was established by engineers focused on integrating and technical consulting to support societal reconstruction and growth. Through organic expansion and strategic acquisitions, including the merger with Grontmij—a firm founded in 1915—the company evolved into a pan-European leader, growing its workforce from a few hundred in the to its current scale. Today, Sweco operates under a model that prioritizes , with a to achieve climate neutrality by 2040 across its operations, embedding environmental responsibility into every project from to energy-efficient . The firm's global reach extends beyond Europe through partnerships and projects in regions like , , and the , where it contributes to initiatives such as resilient urban systems and to water and . Sweco's expertise spans key areas like transportation and mobility, , and environmental impact assessments, enabling it to support clients in creating livable, sustainable societies amid rapid global changes.

Overview

Company profile

Sweco is a multinational and consultancy firm founded in 1958 in by Bertil Falck, Carl-Erik Fogelvik, Gunnar Nordström, and Erik Smas as a company. Over the decades, it has evolved into Europe's leading multidisciplinary firm in these fields, drawing on more than 130 years of collective expertise from its predecessor entities. Headquartered in Stockholm, Sweden, Sweco employs approximately 21,200 professionals as of September 2025 who deliver services and projects across more than 70 countries worldwide. In 2024, the company achieved annual net sales of SEK 30.7 billion (EUR 2.7 billion). Sweco's core mission centers on integrating architecture, engineering, and environmental science to foster sustainable societies and resilient infrastructure, aligning with global goals for inclusive and healthy urban environments. The company has been publicly traded on Nasdaq Stockholm since September 1998.

Services and expertise

Sweco provides a broad range of multidisciplinary consulting services in , , and environmental fields, organized into key segments that address complex societal challenges. Its primary service divisions include and , , and , and , and . These divisions enable Sweco to deliver integrated solutions across the , drawing on approximately 21,200 experts as of September 2025 to support such as access to clean , resilient , and climate adaptation. In and , Sweco specializes in creating functional and sustainable structures, including , healthcare facilities, offices, and educational buildings. This encompasses , , , and preservation, with a strong emphasis on integrating with environmental considerations. services focus on and projects, such as roads, bridges, tunnels, ports, and railway systems, incorporating geotechnical analysis, , and rock excavation to ensure durability and safety. The energy and industry division offers expertise in production, grid optimization, , and for industrial facilities, promoting resource-efficient operations and carbon capture technologies. Environment and infrastructure services include environmental impact assessments, , and chemical risk evaluations, alongside IT-driven solutions like and 3D visualization for infrastructure resilience. Water management encompasses urban water planning, , flood protection, and to provide clean access and mitigate flooding risks. Sweco's unique multidisciplinary model integrates architects, engineers, and environmental specialists to deliver holistic solutions, including comprehensive risk assessments, feasibility studies, and full project lifecycle management. This approach facilitates seamless collaboration, as seen in the use of digital modeling tools like (BIM) for enhanced visualization and coordination. By combining technical disciplines, Sweco ensures projects balance ecological, financial, and social performance, often through methods that minimize disruptions and optimize outcomes. As of 2025, Sweco has intensified its focus on reliable energy systems, such as pipelines and installations, to support the global . For the first nine months of 2025, net sales reached 23.0 billion. The firm also prioritizes modern transportation infrastructure, including intelligent transport systems (ITS) and (ERTMS) upgrades for efficient mobility. Additionally, climate-resilient urban development remains central, with strategies for enhancement and adaptive planning to address rising environmental pressures.

History

Founding and early development

Sweco's origins trace back to several pioneering and firms established in the late 19th and early 20th centuries, which laid the groundwork for its expertise in and consulting. One key predecessor was Theorell Installationskonsult AB, founded in 1889 by Hugo Theorell, focusing on and heating systems to support Sweden's burgeoning industrialization. Another foundational entity was Vattenbyggnadsbyrån AB (VBB), established in 1902 by Johan Gustaf Richert, a prominent who had previously led Göteborg's water and department and developed innovative groundwater infiltration techniques. VBB specialized in systems, contributing to projects like urban and developments that addressed Sweden's growing needs for clean and . The formal establishment of what would become Sweco's core and engineering arm occurred in 1958 with the founding of FFNS (Falck/Fogelvik/Nordström/Smas AB) in by architects Bertil Falck, Carl-Erik Fogelvik, Gunnar Nordström, and Erik Smas. This venture marked Sweden's first stock company, emphasizing collaboration between creative design and technical implementation under the motto that blending experienced expertise with youthful enthusiasm yields strong results. Early efforts centered on local amid post-World War II reconstruction and industrialization, including enhancements and road engineering projects that supported Sweden's expanding urban networks. Under leaders like Gunnar Nordström, who championed continuous growth to avoid stagnation, FFNS quickly expanded its workforce to around 30 employees and gained recognition through projects such as the headquarters in Luleå and housing developments like Ella Gård in . During the 1960s and 1970s, FFNS and affiliated entities like VBB transitioned toward multidisciplinarity, integrating architecture with and to meet the demands of Sweden's urban boom and expansion. This period saw a shift from siloed technical consulting to holistic approaches, incorporating ecological considerations into designs, such as sustainable management and energy-efficient buildings. VBB, for instance, contributed to major domestic initiatives like the Forshuvudforsen plant, while FFNS diversified into healthcare facilities, libraries, and structures, fostering a model of combined expertise that defined Sweco's future identity. Richert's innovations in engineering continued to influence post-war projects, ensuring reliable supply systems for growth.

Growth through acquisitions and expansion

Sweco's transformation into a pan-European engineering consultancy accelerated following its formation in 1997 through the merger of FFNS and VBB, with the company's initial international pivots occurring in the late 1990s. The listing on the Stockholm Stock Exchange in 1998 provided capital for expansion, enabling Sweco to pursue acquisitions that extended its footprint beyond Sweden. By the early 2000s, Sweco had entered the Baltic markets, establishing operations in Estonia, Lithuania, and Latvia through targeted buys, and formalized its Central and Eastern European presence in 2006 by creating SWECO Eastern Europe to oversee activities in those regions plus Bulgaria. The 2000s marked a period of steady market entries and consolidations, particularly in the Nordics and . In , key acquisitions included Paatela-Paatela & Co in 2005, enhancing architectural capabilities, and CM-Urakointi Oy in 2006, bolstering expertise. Sweco expanded into during this decade via multiple deals, such as E-CO Tech and Riba in 2006, which strengthened its engineering services in and energy. Further penetration into came with the 2007 acquisition of Hydroprojekt in the , adding 270 employees and expertise in infrastructure consulting. The 2010s brought transformative scale through larger transactions, culminating in the 2015 acquisition of Grontmij, a firm with operations across , which integrated about 6,000 employees and established Sweco as a major player in the , , and the . This deal, valued at approximately €354 million, significantly boosted Sweco's international revenue and diversified its service portfolio in environmental and transport engineering. Subsequent acquisitions included MLM Group in the in 2019, enhancing building and infrastructure capabilities, and ongoing buys in , such as Frilling + Rolfs in 2024 for water management specialization. In the 2020s, Sweco's growth has blended acquisitions with organic expansion driven by sustainability directives, emphasizing and tools like BIM and for project efficiency. By 2025, these efforts have solidified Sweco's leadership in and markets, with 21,218 employees (as of September 2025) across approximately 70 countries and a focus on sustainable urban development. Recent deals, including PROgroup and +ImpaKT in , Projektengagemang in , Fimpec Group in , and Assar Architects in in 2025, underscore this strategic shift toward high-impact, eco-focused expertise.

Operations

Geographic presence

Sweco maintains a robust operational footprint primarily across , with its strongest presence in the —Sweden, Finland, , and —which collectively account for approximately 63% of its net sales in 2024, reflecting the company's origins and market leadership in these regions. The area ( and the ), the , , and form additional core markets, contributing significantly to revenue through specialized engineering and consulting services tailored to local needs. In 2024, represented about 13% of net sales, while the accounted for about 11%. In 2024, approximately 63% of Sweco's revenue derived from the Nordics, with the remaining from other European regions including the , , , and . The company's office network spans over 100 locations across its eight geographical business areas in , enabling close collaboration with clients and adaptation to regional demands. Key hubs include (headquarters in ), (), (), (), and (), which serve as centers for , , and . This distributed structure supports Sweco's execution of projects in around 70 countries worldwide, though primary operations remain European-focused. Sweco adapts its services to regional environmental and infrastructural challenges, such as advanced and water resilience solutions in the , where delta engineering expertise addresses rising sea levels and . In , the company specializes in cold-climate engineering for sustainable infrastructure, including energy-efficient designs for harsh winters and integration in remote areas. These adaptations enhance and align with local regulations, such as stringent environmental standards in the Nordics. While predominantly European, Sweco is expanding into emerging markets, including the for sustainable urban projects and , notably through offices in that support international assignments in and . This growth builds on project exports from European bases, with revenue from non-core regions comprising about 20% in 2024.

Organizational structure and workforce

Sweco operates a decentralized divisional structure aligned with its primary markets, comprising business areas in , , , the , , and , and the . Each area functions as a semi-autonomous unit led by a dedicated president, enabling localized decision-making while contributing to group-wide objectives. This setup is supported by Group Staff functions, including , finance, and legal, coordinated through a central executive team. The executive team, consisting of 14 members with broad expertise in , and , is headed by President and CEO Åsa Bergman, who assumed the role in 2018 after 27 years within the company. Bergman's leadership emphasizes sustainable growth and integration of (ESG) principles across operations. Sweco's workforce totals approximately 22,000 professionals, primarily architects, engineers, and specialists in fields such as , , and digital technologies. The company fosters through targeted programs, with women representing 35% of employees; a group-wide goal aims for 40% representation by 2040 to enhance balance. Notable efforts include the "Hi Tech Girl!" mentoring initiative, which pairs technical leaders with emerging and talent in IT and , launching its second round in 2025. Company culture prioritizes employee and , with 82% of staff reporting feeling inspired at work and 89% perceiving equal treatment. Policies promote work-life balance via hybrid and flexible working models, alongside a zero-incident health and safety framework certified under ISO 45001. Professional growth is supported through regular discussions under the Sweco Talk program and ongoing skills training to adapt to evolving industry demands. Sweco's governance structure features a with 8 members elected by the Annual General Meeting, augmented by 3 employee representatives (totaling 11 members) and 3 deputies. The Board, comprising a balanced mix of genders and nationalities, oversees organizational strategy, financial controls, and sustainability integration, ensuring factors inform key decisions such as and long-term planning.

Notable projects

Infrastructure and transportation

Sweco has played a significant role in major rail infrastructure projects across , particularly in , where it contributed to the engineering and design of underground tunnels to enhance urban connectivity. In the City Tunnel project in , , completed in 2010, Sweco was responsible for the architectural and structural design of key underground stations, including Triangeln Station, which integrated advanced engineering solutions for seamless rail integration beneath the city center. The 11-kilometer rail link, with six kilometers bored underground using tunnel boring machines (TBMs), improved cross-border travel between and by providing a direct route under the city, reducing surface disruptions during construction through precise geotechnical planning. Similarly, Sweco contributed to the planning and design phases of the Citybanan railway tunnel in , opened in 2017, a 6-kilometer twin-track underground corridor that separates and lines. Employing TBM excavation techniques to navigate challenging , the project incorporated seismic design considerations for structural resilience in densely populated areas, ensuring stability against potential ground movements and vibrations from train operations. This engineering approach doubled the capacity, allowing up to 30 trains per hour in each direction and shifting over 10,000 daily passengers from road to rail, thereby reducing overall congestion and travel times by enabling more frequent and reliable services. In port infrastructure, Sweco supported the Maasvlakte 2 expansion at the , , completed in 2013, by facilities such as a 500-meter assembly hall for monopiles used in the adjacent development. The project optimized port logistics through elements, including efficient systems and energy-efficient layouts that minimized environmental impact while expanding container handling capacity on reclaimed land. These efforts enhanced Europe's connectivity by increasing the port's throughput for sustainable , supporting greener supply chains with reduced emissions from optimized routing and storage. The impacts of these projects extend to broader regional benefits, such as the Citybanan's contribution to reduced peak-hour rail delays in , fostering economic growth through improved commuter access and cross-European links via integrated rail networks. In the 2020s, Sweco has advanced planning in the Nordics, including sections of the 270-kilometer North Bothnia Line in , designed for speeds up to 250 km/h to connect northern regions more efficiently. Additionally, the firm has provided engineering consultancy for (EV) charging infrastructure, such as expanding networks for Interparking in with over 4,400 points by 2027, integrating solutions to support sustainable urban mobility and reduce reliance on fossil fuels.

Architecture and urban development

Sweco's and urban development practice emphasizes innovative designs that harmonize functionality, aesthetics, and environmental integration, contributing to vibrant public spaces across . The firm provides multidisciplinary services, including , , and landscape integration, to create buildings and districts that enhance urban livability. A prominent example is Sweco's involvement in the , completed in 2008 in , where the firm provided engineering support for the iconic structure designed by Snøhetta. The sloping marble roof, which extends into the waterfront as a public plaza, exemplifies Sweco's role in facilitating seamless integration of with natural landscapes, allowing pedestrian access over the building to the below. This design not only serves as a cultural landmark but also revitalizes Oslo's industrial harbor into an accessible urban realm. In , Sweco collaborated with Foster + Partners on the European Headquarters, opened in 2017, delivering services for a 10-story sustainable tower spanning 1.1 million square feet. The project features energy-efficient facades with automated brise-soleil systems and natural ventilation, achieving a Outstanding rating of 98.5%—the highest for a major development at the time—and incorporating modular construction elements for adaptability. These principles underscore Sweco's focus on low-carbon materials and user-centric layouts that promote collaboration among 4,000 employees. Sweco's urban development work includes master planning for sustainable mixed-use districts, such as the Tripla project in Helsinki's Pasila area, completed in 2023, which integrates a , offices, residences, and a major across 350,000 square meters. This development prioritizes through pedestrian-friendly streets, green corridors, and proximity to public transit, fostering a compact that reduces . Similarly, in Helsinki's Malmi Airport blocks, Sweco's planning creates a residential district with abundant street greenery and parks to enhance pedestrian comfort and connectivity. Sweco has earned recognition for its innovative , particularly in timber-based projects during the . The firm contributed expertise to in , completed in 2019 as the world's tallest timber building at 85.4 meters, utilizing for its modular frame across 18 stories of mixed offices, hotel, and residences; the project received the Norwegian Tech Award in 2018 and Gold at the Design Awards. More recent efforts, such as ongoing timber innovations highlighted in Sweco's 2022 reports, continue to advance sustainable construction with awards like the 2024 RIL Prize for structural design in projects emphasizing circular materials.

Environmental and sustainability initiatives

Sweco has undertaken numerous projects focused on and , emphasizing and recovery across . These initiatives often involve collaborative efforts with governments and international organizations to mitigate risks, restore habitats, and enhance while aligning with broader goals. For instance, in , Sweco planned the of habitats in the Hedwigsthal area of the Holzbachaue , implementing measures to improve resilience, promote , and boost nutrient retention and . In the , Sweco contributes to protection and sea-level rise through services under a 2025 framework agreement with , valued at up to €1.7 billion, which supports upgrades to like the Maeslant Barrier to safeguard and surrounding coastal regions from flooding. Sweco also led the "Room for Sea-Level Rise" study, proposing innovative strategies such as offshore reservoirs and like expansions to accommodate projected rises of up to 5 meters by 2200, integrating risk modeling to evaluate dike reinforcements and -proof urban designs. These approaches extend to enhancement in corridors, as seen in Norway's Blue-Green project, where Sweco designed a reopened river with a dual-layered connection to facilitate , manage , and transform an industrial site into a biodiverse . Sweco applies principles in projects, such as developing a new tariff system in aligned with goals to promote and reduce dependency. Globally, these efforts contribute to UN , particularly Goal 6 on clean water and sanitation, through initiatives in ; examples include designing a flood-control in to enhance and modernizing systems in communities like Kobleve to secure supplies. In , Sweco supported the restoration of Lake Savojärvi in a by demolishing a regulating and creating artificial , improving ecological connectivity and habitats. Additionally, Sweco's data-driven screening in maps urban ecosystems to guide restoration actions targeting 2030 and 2050 goals, fostering habitat integration in city planning.

Sustainability and innovation

Environmental commitments

Sweco's environmental commitments are embedded within its broader framework, which aligns with the and emphasizes three core perspectives: delivering sustainable client projects, enhancing in project delivery, and maintaining sustainable internal operations. This framework integrates into business strategy, with a focus on reducing impact through measurable targets and ethical practices. Central to these commitments is Sweco's ambition to achieve net-zero carbon emissions across its operations by 2040, with an interim goal to halve total emissions by 2030 relative to the 2020 baseline. These targets, validated by the (SBTi) in 2024, cover Scope 1 and 2 emissions with a 90% reduction by 2030 and Scope 3 emissions with a 30% reduction over the same period, calculated using the GHG Protocol. To support this, Sweco aims to reduce dependence on gas by 2035 and to transition all offices to sources by 2032, achieving 38% of office energy from renewables in 2024. Additionally, the company enforces a Supplier and Code of Conduct, updated in 2025, which mandates ethical sourcing, respect for , and environmental responsibility among suppliers to minimize indirect emissions. Sweco holds ISO 14001 certification for environmental management systems across most of its operations in numerous countries, ensuring systematic approaches to , , and compliance with environmental regulations. The firm also demonstrates leadership in standards, actively applying and promoting (Leadership in Energy and Environmental Design) and (Building Research Establishment Environmental Assessment Method) certifications in its consultancy services to achieve high ratings for client developments. Internally, Sweco implements tracking using tools aligned with the GHG Protocol to monitor emissions from projects and operations, with 2024 total emissions reported at 70,123 tonnes CO2e. The company fosters in sustainability roles as part of its broader efforts, achieving 35% female representation across the workforce in 2024, and publishes an annual Sustainability Report that complies with EU regulations such as the Corporate Sustainability Reporting Directive (CSRD). These reports detail progress on environmental metrics and integrate disclosures to enhance transparency. Sweco engages in partnerships to advance climate research, including signatory status to the Business Ambition for 1.5°C campaign and the Climate Change Charter, which promote collaborative efforts on low-carbon and in . While specific collaborations with organizations like were not detailed in recent reports, Sweco participates in EU-funded initiatives under programs such as to support and transitions.

Research, development, and digital transformation

Sweco invests significantly in to advance practices through . A key focus area is the application of (AI) for predictive modeling in , where AI algorithms analyze data from traffic, weather, and utilities to simulate urban dynamics and optimize designs for . This enables planners to test scenarios virtually, reducing risks and enhancing decision-making in city development projects. Additionally, Sweco employs digital twins—virtual replicas of physical assets integrated with —to simulate and optimize performance, such as in transportation and building management. Through platforms like Twinfinity, a cloud-based digital twin solution, Sweco links 3D models with operational and climate data to minimize environmental impact and improve efficiency. Central to these efforts are initiatives like Urban Insight, Sweco's international knowledge platform established to foster multidisciplinary collaboration on sustainable urban solutions. Launched to share expert insights and drive innovation, it supports research into topics such as climate adaptation and principles. Sweco also maintains long-standing partnerships with universities across , including an expanded collaboration with since 2017, to advance research in sustainable materials and practices. These partnerships contribute to developments in low-carbon construction materials, aligning with broader goals to reduce emissions in building and infrastructure projects. In digital transformation, Sweco has accelerated the adoption of cloud-based collaboration tools following 2020, integrating them into project workflows to enhance and remote operations. (BIM) has become integral, with Sweco applying it across a majority of projects to streamline , , and phases through tools like SmartDrawings™, which embed QR codes for instant access to BIM data on-site. This shift supports greater efficiency and in operations, as evidenced by its use in complex infrastructure endeavors. Looking ahead, Sweco emphasizes ethical considerations in AI deployment within engineering, guided by its Code of Conduct that prioritizes responsible business practices and societal impact. The company is exploring advanced technologies, including AI for biodiversity prediction and energy optimization, to address future challenges like net-zero transitions by 2040. While quantum computing remains an emerging horizon for enhanced simulations in energy systems, Sweco's focus remains on scalable digital innovations to drive sustainable societal transformation.

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