Projektengagemang´s acquisition of Integra Engineering AB finalized
Engineering and architecture Group Projektengagemang has finalized the acquistion of Integra Engineering AB, which specialises in civil engineering, for SEK 250 million on cash and debt free basis. The acquisition is another major step towards achieving Projektengagemang’s growth strategy, the aim of which is to take leading positions within profitable markets and areas of business.
Integra’s turnover in 2017 almost reached SEK 200 million. The company was founded in 1999 and now has around 200 employees at offices in ten locations.
A press release regarding the acquisition was published on 27 November, 2018.
Projektengagemang, or PE as we are commonly known, comprises over one thousand architects, engineers, project managers and specialists who identify opportunities, develop concepts and tackle challenges. Together, we generate value for our clients and for society in general. PE is represented in over 35 locations and sales for 2017 totalled around SEK 1.2 billion. PE’s share is listed on Nasdaq Stockholm under the ticker symbol PENG.
Integra specialises in civil engineering, offering specialist services within building project management, building physics, land-use planning and fire protection planning. The company was founded in 1999 and now has around 200 employees at offices in ten locations. Net revenue for 2017 amounted to almost SEK 200 million.