Sitowise has agreed to sell its Swedish subsidiary, Sitowise Sverige AB, to engineering and consulting giant Sweco, marking a significant step in the Finnish engineering consultancy’s efforts to improve profitability and sharpen its strategic focus.

The transaction follows several years of challenges in the Swedish market, where weak construction activity, intense competition and declining demand weighed heavily on performance. In 2025, the Swedish business generated net sales of €26.3 million and employed around 265 people, but remained loss-making despite extensive restructuring efforts.

The sale comes less than a year after Sitowise recorded a €39.6 million goodwill impairment related to its Swedish operations, reflecting lower expectations for the business's future earnings potential. Since then, management has implemented cost reductions, reorganized operations and strengthened sales efforts, creating what it describes as the conditions necessary for a successful divestment.

Under the agreement, Sweco will acquire the entire Swedish consulting business for an enterprise value of around €3 million. The deal also includes a potential earn-out of up to €2 million linked to long-term lease liabilities, payable between 2027 and 2029 if certain conditions are met.