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Sweco AB ( ($SE:SWEC.B) ) has provided an update.
Sweco Sverige AB, a subsidiary of Sweco AB, has made a recommended cash offer to acquire all shares of Projektengagemang Sweden AB for SEK 15 per share. The offer has received the necessary regulatory approvals from the Swedish Competition Authority and the Swedish Inspectorate of Strategic Products, and the acceptance period for shareholders expires today. This acquisition is expected to enhance Sweco’s market position in the engineering consultancy sector, potentially impacting stakeholders by expanding Sweco’s service offerings and market reach.
The most recent analyst rating on ($SE:SWEC.B) stock is a Buy with a SEK181.00 price target. To see the full list of analyst forecasts on Sweco AB stock, see the SE:SWEC.B Stock Forecast page.
More about Sweco AB
Sweco AB is a leading engineering consultancy firm that operates primarily in the architecture and engineering industry. The company provides services in the fields of consulting, engineering, and design, focusing on sustainable development and infrastructure projects across Europe.
Average Trading Volume: 197,474
Current Market Cap: SEK59.94B
Learn more about SWEC.B stock on TipRanks’ Stock Analysis page.