Solwers: Steps in capital allocation


Solwers announced two acquisitions on Thursday that will increase technical consulting in northern Sweden and architectural operations in Finland. The acquisitions were expected considering the company’s strategy and growth targets, and we believe they fit Solwers Group quite well. Reflecting the small size of the acquisitions, the estimate changes for this and the next few years were moderate. We expect that the company will continue its inorganic growth over the next 12 months, and its financial position enables smaller-scale acquisitions that are typical for the company.