Sweden’s Tengbom Architects acquires Finnish company

Acquisition of Eriksson Architects is a key step in Tengbom’s growth strategy in Northern Europe.

Tengbom Architects, one of the leading architectural firms in Northern Europe, has acquired the Finnish company Eriksson Architects. Based in Helsinki, Eriksson Architects is one of the ten largest architectural firms in Finland and has several projects in the Baltic countries as well as in Russia and China.

“Tengbom’s goal is to continue growing in Northern Europe and the acquisition of Eriksson Architects is a key step. We have seen a strong demand for our services in Finland, especially in the field of urban planning, and the acquisition will strongly benefit our clients, says Magnus Meyer, CEO, Tengbom.

Historic acquisition

According to Patrick Eriksson, CEO of Eriksson Architects, this is probably the first time that a Swedish architectural company has acquired a Finnish counterpart. Eriksson will continue to work in the company following the acquisition. Eriksson Architects was founded 34 years ago and its turnover in 2011 was EUR 2.4 million.

Founded in 1906 by the world-famous architect Ivar Tengbom, Tengbom Architects is one of the oldest architectural companies in Sweden. During the past years Tengbom has grown substantially and, with the acquisition of Eriksson Architects, now has almost 600 employees in twelve cities in the Nordic countries as well as an office in Cambodia. The company’s office in Helsinki will be called Tengbom Eriksson Architects.

Sources: Tengbom, Kauppalehti