Sweco AB (Nasdaq Stockholm) and Grontmij N.V. (Euronext Amsterdam) have jointly announced to have reached a conditional agreement in connection with an intended public offer by Sweco for all issued and outstanding ordinary shares of Grontmij.

According to Grontmij and Sweco, the contemplated transaction will create a leading European engineering consultancy firm. The value of the offer, which has been unanimously recommended by the Executive Board and the Supervisory Board of Grontmij, amounts to MEUR 354.