Sweco acquires TAG Arkitekter AS

MANDATE

Sellside

INDUSTRY

Construction

Sweco acquires TAG Arkitekter and strengthens Sweco’s sustainable architecture and urban development offering.

MANDATE

Sellside

INDUSTRY

Construction

TAG Arkitekter has 95 architecture and landscape architecture personnel in Oslo, Bergen and Trondheim. The company has enjoyed strong growth over the last decade, and generated revenues of NOK 113 million in 2019.

– We are hugely impressed with the performance of TAG Arkitekter. It has grown swiftly and left its mark on a number of residential and urban development projects. With prize-winning designs and a strong focus on urban development, TAG is the ideal collaboration partner for Sweco now that it is establishing its own architectural business. We are very much looking forward to the first-rate professionals at TAG becoming part of Sweco, says Grete Aspelund, President of Sweco Norway.

TAG Arkitekter has since its inception excelled in residential and urban development in Oslo, Bergen and Trondheim. TAG has won a number of design prizes, including the City of Bergen Architecture and Urban Design Prize 2019 for the 1912 Damsgårdsundet project and the Norwegian Association of Landscape Architect’s Landscape Architecture Prize 2019 for the Lyreneset recreation area, while the apartment buildings atop the Sirkus shopping centre in Trondheim were named Residential Project of the Year 2013 by the Norwegian Home Builders’ Association.

– TAG Arkitekter has focused on offering its customers an interdisciplinary partnership. Interdisciplinary collaboration will enable us to create the homes and residential environments of the future. We are excited about becoming part of a global leader in sustainable urban development, says the CEO of TAG, Lars Eirik Ulseth.

Sweco acquires 100% of the shares of TAG Arkitekter AS. The sellers will remain in their respective positions and continue to develop TAG Arkitekter as a division of Sweco.

The owners of TAG Arkitekter were advised by Stratema.

Read more on bygg.no (Norwegian)

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