M&A Deal Summary

Sweco Acquires VK architects+engineers

On March 21, 2023, Sweco acquired engineering company VK architects+engineers from Down 2 Earth Capital

Acquisition Highlights
  • This is Sweco’s 8th transaction in the Engineering sector.
  • This is Sweco’s 3rd transaction in Belgium.

M&A Deal Summary

Date 2023-03-21
Target VK architects+engineers
Sector Engineering
Buyer(s) Sweco
Sellers(s) Down 2 Earth Capital
Deal Type Add-on Acquisition

Target

VK architects+engineers

Ghent, Belgium
VK architects+engineers is a multidisciplinary design agency in the architecture & engineering sector, specializing in healthcare design and building engineering in both the public and private sectors. VK architects+engineers was established in 1952 and is based in Ghent, Belgium.

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Buyer(S) 1

Buyer

Sweco

Stockholm, Sweden

Category Company
Founded 1889
Sector Engineering
Employees21,022
Revenue 30.7B SEK (2024)
DESCRIPTION

Sweco is a provider of consulting engineering, environmental technology, and architecture services. Sweco was founded in 1889 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 8 of 10
Sector: Engineering M&A 8 of 8
Type: Add-on Acquisition M&A Deals 8 of 10
Country: Belgium M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Årstiderne Arkitekter

Copenhagen, Denmark

Årstiderne Arkitekter is an architecture firm, that provides interior design and space planning services for residential and commercial sectors. Årstiderne Arkitekter was established in 1985 and is based in Copenhagen, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-02 PROgroup

Windhof, Luxembourg

PROgroup provides end-to-end support for sustainable real estate and urban development projects – from early-stage feasibility and design all the way through to construction – firmly grounded in circular economy principles. This integrated approach ensures innovative, financially sound and environmentally responsible solutions that align with the challenges of tomorrow’s built environment. PROgroup was founded in 1996 and is based in Windhof, Luxembourg.

Buy -

Seller(S) 1

DESCRIPTION

Down 2 Earth Capital is a private equity firm focused on investing in and acquiring profitable (€2 to €10 million of EBITDA) Belgium-based companies. D2E does not have any stated sector preferences and will consider a variety of transaction situations including family successions, buyouts/buy-ins, non-core divestitures, growth capital financings, and recapitalizations. Down 2 Earth Capital was established in 2013 and is headquartered in Antwerp, Belgium.


DEAL STATS #
Overall 6 of 11
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
Country: Belgium M&A 6 of 11
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-23 Water Is Life Group

Pelt, Belgium

Water Is Life Group engages in the production, distribution and sale of pumping and irrigation systems and piping infrastructure products. Water Is Life Group was founded in 1988 and is based in Pelt, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-10 Hertecant Flanges

Heultje-Westerlo, Belgium

Hertecant Flanges is a manufacturer of stainless steel flanges for the petrochemical and energy sectors. Hertecant Flanges specializes in the custom forging of both standardized and special flanges. Hertecant Flanges was founded in 1983 and is based in Heultje-Westerlo, Belgium.

Sell -