Sitowise acquires TFIP to strengthen company’s presence in Sweden
Sitowise acquires a Swedish technical installation consultant within infrastructure TFIP to strengthen company’s presence in Sweden.
Through the acquisition, Sitowise, a Nordic expert in the built environment, will significantly increase company’s foothold in Sweden. Joining forces with TFIP brings new competence in building technology, highly skilled employees and increases also company’s regional coverage.
TFIP has an impressive track record working as highly appreciated technical consultant in large infrastructure projects both in Sweden and in Norway. At Sitowise we are bold enough to call ourselves The Smart City Company, and for us it means combining sustainability with data based digital solutions. To be able to create more responsible cities, we need smarter and more sustainable infrastructure.
Pekka Eloholma, CEO, Sitowise
Sitowise’s ambition is to have a strong foothold in the Nordics, both in infrastructure and building sectors. Newest acquisition gives solid foundation for group’s future growth in Sweden. Sitowise has 150 structural engineering and geotechnical professionals working in company’s subsidiary Byggnadstekniska Byrån.
- TFIP’s expertise in mechanical and electrical engineering combined with their specialized knowhow in underground infrastructure projects supplements us perfectly. We also share a passion to have the most responsible approach when serving our customers and delivering our projects, Pekka Eloholma continues.
Both companies highlight the importance of their role when creating vibrant societies where both people and environment can live a good life.
- Our industry is experiencing a major digital revolution. With smart technology and our technical expertise we will have the drive necessary to transform cities technologically, economically and ecologically more sustainable. To be able to make this happen, we will utilize each other's know-how and experience, and provide more versatile services to our customers. We have grown successfully last years and will continue this growth together with Sitowise from now on, says TFIP’s CEO Tomas van Zalingen.
In the transaction Sitowise acquires the entire share capital of TFIP. After the acquisition Sitowise Group’s revenue in Sweden increases from EUR 20 million to around EUR 30 million. TFIP continues to operate under its own name and brand as a subsidiary of Sitowise. Tomas van Zalingen as well as other key personnel and 70 experts will all continue in their current positions.
After the acquisition, Sitowise Group employs nearly 1,900 experts in Finland, Sweden, Latvia and Estonia.
For more information, please contact:
Pekka Eloholma, CEO, Sitowise
+358 50 555 5590, firstname.lastname@example.org
Tomas van Zalingen, CEO, TFIP
+46 735394942, email@example.com
Sitowise is a Nordic expert in the built environment with a strong focus on digitality. We design smart cities and living spaces where everyday life is paced on a sustainable basis. We operate in three business areas: building design, infrastructure design and digital solutions. Every day, almost 2,000 of our experts in various fields join forces to make traffic, infrastructure and buildings for people. Company wants to raise the bar for intelligence and responsibility, and it has set a vision to be the most responsible partner in developing a prosperous environment. Sitowise has grown rapidly and profitably in recent years, and has currently a EUR 160 million revenue. Group CEO is Pekka Eloholma and the headquaters is located in Espoo, Finland.
TFIP is a technical installation consultant offering comprehensive solutions within infrastructure, community building and industry. We are at the cutting edge with a thorough technical expertise and innovative procedures, creating innovate solutions for a modern and safe infrastructure. We are the sum of our passion, skill and vision. Together we create the community of the future.