Solwers acquires WiseGate

Solwers strengthens its presence in Sweden by acquiring WiseGate, and expands its service portfolio and capabilities in line with its strategy. The acquisition also includes automation subsidiary DEMAB AB. The company will be reported as part of Solwers Group as of 01.01.2024. Solwers Sweden AB has signed an agreement to buy the entire share capital of WiseGate AB.

The key has been to identify a strategic partner who can preserve and leverage the invaluable culture and market knowledge inherent in the WiseGate companies. This serves as a robust foundation, ensuring sustained success moving forward.

WiseGate, founded in Malmö in 2014, is a Sweden-based specialist in consulting and engineering for energy and process industries. WiseGate Consulting serves especially the energy and industrial sectors, such as electric power, power transmission, industrial automation, pipelines, mechanical design and project management. With total of over 50 full-time consulting employees, covering the West, East and South of Sweden, and offices in among others Malmö, Gothenburg and Stockholm they have assignments in all of Sweden as well as abroad. The company’s total unaudited revenue for 2023 is estimated to SEK 90 million, and adjusted EBIT is estimated to be 4,2 million SEK.

Solwers is a growth-oriented group of expert companies that acts as a growth platform for the companies it owns, supports their growth, and challenges the traditional practices of the built environment consulting industry. The 24 Solwers companies offer a wide range of engineering and project management services, employing more than 600 experts in Finland and Sweden.

Here you can read Solwers press release