Clearwater has advised consultancy firm Byggnadsteknisk Byrå on its sale to Sitowise.
Byggnadstekniska Byrån is a market leading consultancy firm within the building industry, specialising in construction and geotechnics with a focus on professional buildings. In 2018, the company had a turnover of €15.6m (SEK 160m) and approximately 140 employees distributed among 4 offices including Stockholm, Gothenburg, Uppsala and Jönköping.
Sitowise is a consultancy company, which will employ nearly 1,700 people following the acquisition. The group offers its customers a comprehensive service offering within planning, expertise and digital services for urban areas, and is one of the leading construction planning and consultancy companies in Finland. The company also does business in Norway, the Baltic countries and Poland.
Byggnadstekniska Byrån sold to Sitowise
Byggnadstekniska Byrån sold to Sitowise
Undisclosed
Adviser to Byggnadsteknisk Byrån on its sale to Sitowise
Business Services
Sweden
Sitowise will become an excellent new owner and strong partner for continued growth and further development of our service offering. We share the same view on growth opportunities and the importance of a local presence, high level of competence and quality in our business.
Byggnadstekniska Byrån is a strong brand with knowledgeable employees and a long history of strong customer relationships, which makes the company a perfect partner for Sitowise’s strategic expansion in the Nordics. The acquisition offers new and significant possibilities for both companies to grow and expand the service offering in Sweden.
BTB is an expanding company with top-level expertise which has resulted in a market leading position in Sweden. There’s been widespread consolidation in the sector, and as one of only a few large independent companies in its niche, the case generated broad interest in the market. With Sitowise as new owners, the company will retain its strong identity at the same time as a new owner will continue the company's expansion.
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