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Investing.com -- Shares of Sweco climbed 1.5% following the announcement of a recommended cash offer to acquire all shares of Projektengagemang, a move that could strengthen Sweco’s position in the Swedish architecture and engineering consulting market.
The offer price of SEK 15.00 per share in cash represents a substantial 117% premium over Projektengagemang’s closing price on June 3, 2025.
The proposition from Sweco has already garnered significant shareholder support, with irrevocable undertakings from shareholders representing 62.6% of the total shares and 80.8% of voting rights in Projektengagemang.
The acceptance period for the offer is scheduled from June 5 through July 11, 2025. Completion of the deal is contingent upon Sweco acquiring more than 90% of Projektengagemang’s shares, in addition to necessary regulatory approvals and the absence of any material adverse changes.
Analysts from Jefferies commented on the acquisition, stating, "This move underscores Sweco’s strategic ambition to consolidate its position in the Swedish architecture and engineering consulting market. Projektengagemang brings complementary expertise and a strong regional footprint, which could enhance Sweco’s multidisciplinary service offering and client reach."
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