Sweco has announced its acquisition of assar architects to expand its architectural capabilities in Belgium and Luxembourg, further solidifying its positioning in the engineering and architecture consulting market.

Information on the Target

Sweco has recently entered into an agreement to acquire assar architects, a distinguished architectural firm specializing in large-scale projects across both public and private sectors. The firm's portfolio includes notable works in various domains such as office and commercial building design, healthcare, defense, education, and urban planning. This strategic acquisition is expected to significantly enhance Sweco's architectural offerings in Belgium and Luxembourg.

assar architects is recognized for its commitment to 'inclusive architecture' and primarily operates within Belgium and Luxembourg. The firm has successfully executed numerous high-profile projects, including the NATO headquarters and major healthcare facilities, as well as significant developments for European institutions and multinational corporations. With a reported turnover of approximately EUR 16.5 million in 2024, assar architects is poised to add a wealth of expertise to Sweco's growing portfolio.

Industry Overview in Belgium and Luxembourg

The architectural and engineering sectors in Belgium and Luxembourg are currently undergoing transformative changes, driven by a demand for sustainable, energy-efficient, and intelligent urban development. As these regions progress toward infrastructure renewal, there