Nordhaven advised Sikri Group ASA in divesting its Planning and Surveying (P&S) business unit to Sweco

17 apr 2023

Nordhaven advised Sikri Group ASA (Sikri Group), and its fully owned subsidiary Metria AB, in the divestment of Metria AB’s Planning and Surveying (P&S) business area in Sweden to Sweco Sverige AB. The divestment will sharpen Sikri Group’s focus on its core business, software and software related services.  

P&S comprises a leading consultancy business related to urban and community planning, aerial photography and laser scanning as well as surveying services related to the entire construction value chain. The unit had 110 employees at the end of 2022, and 2022 revenue of SEK 138 million.  

“We see strong demand for data driven solutions that simplify and streamline processes for the public sector and the real estate industry. Sikri Group is well positioned as a leading Nordic software provider in these sectors and following the divestment of P&S, we will sharpen focus even further on our core business, which is software and services directly related to our software offering,” said CEO of Sikri Group Nicolay Moulin.  

Sikri Group gained a strong footprint in the Swedish market through the acquisition of the Swedish software and geoinformation company Metria in April 2022. Following the divestment of P&S, Metria will be fully focused on geodata, property and real estate data, software and services. Key customers are Swedish government agencies, municipalities, finance institutions, telcos, and energy companies. Excluding the P&S business area, Metria’s annual recurring revenue (ARR) was SEK 113 million at the end of 2022.  

“We are strengthening our focus on being the market leader in digital data and analysis services within GIS, geodata, business and real estate information. Meanwhile, Metria’s planning and surveying operations become part of Sweco, which brings new opportunities for the business' customers and employees,” said CEO of Sikri Group Nicolay Moulin.  

The transaction will be consummated as a carve-out of the P&S business from Metria. Closing of the transaction is subject to certain third party approvals being obtained and that the P&S business is being separation ready as agreed between the parties and is expected to take place 2 May 2023.  

About Sikri Group: 

Sikri Group is a software group providing highly specialized software and services towards the public sector and a leading company within property data, property technology and data economics in the Nordics. Sikri Group has customers across public sector as well as private businesses within real estate, banking, insurance, property developers, media companies, builders, property owners, taxation companies, engineers, power companies and building materials production. Sikri Group create value for public sector, private businesses, and citizens, with an innovative approach to the use of data and data analysis. Sikri Group’s ambition is to build the leading Nordic ecosystem for public administration, property technology, analysis and data. 

About Sweco: 

Sweco AB engages in the provision of consulting services in the fields of consulting engineering, environmental technology, and architecture. The company was founded on June 3, 1997 and is headquartered in Stockholm, Sweden. 

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