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Anne Mette HavaasApr 17, 2023 1:56:41 PM2 min read

Divesting Planning and Surveying consultancy business in Sweden

Spir Group’s fully owned subsidiary Metria AB has entered into an agreement to divest the Planning and Surveying (P&S) business area in Sweden to Sweco Sverige AB, focusing further on scalable software and software related services. The agreed purchase price for the business unit is SEK 52.5 million.

P&S comprises a leading consultancy business related to urban and community planning, aerial photography and laser scanning as well as surveying services related to the entire construction value chain. The unit had 110 employees at the end of 2022, and 2022 revenue of SEK 138 million.

“We see strong demand for data driven solutions that simplify and streamline processes for the public sector and the real estate industry. Spir Group is well positioned as a leading Nordic software provider in these sectors and following the divestment of P&S, we will sharpen focus even further on our core business, which is software and services directly related to our software offering,” said CEO of Spir Group Nicolay Moulin.

Spir Group gained a strong footprint in the Swedish market through the acquisition of the Swedish software and geoinformation company Metria in April 2022. The integration of Metria has progressed well with a range of initiatives to streamline the business, improve profitability, and extract synergies in the form of product development and cross sales combination with the Norwegian part of Spir Group. Following the divestment of P&S, Metria will be fully focused on geodata, property and real estate data, software and services. Key customers are Swedish government agencies, municipalities, finance institutions, telcos, and energy companies. Excluding the P&S business area, Metria’s annual recurring revenue (ARR) was SEK 113 million at the end of 2022. 

“We are strengthening our focus on being the market leader in digital data and analysis services within GIS, geodata, business and real estate information. Meanwhile, Metria’s planning and surveying operations become part of Sweco, which brings new opportunities for the business' customers and employees,” said CEO of Spir Group Nicolay Moulin.

The transaction will be consummated as a carve-out of the P&S business from Metria. Closing of the transaction is subject to certain third party approvals being obtained and that the P&S business is being separation ready as agreed between the parties and is expected to take place 2 May 2023. The purchase price will be fully paid in cash. As part of the transaction, a customary transitional service agreement for certain services to be offered for a period following closing will be entered into between the parties.

“The divestment implies a further improvement of the capital structure of Spir Group, which means that we reinforce our solid platform for organic growth supplemented by targeted M&A,” said Nicolay Moulin.

For further queries, please contact:

Spir Group ASA:
Nicolay Moulin
Chief Executive Officer
Tel: +47 90 59 19 83

Camilla Aardal
Chief Financial Officer
Tel: +47 97 10 51 55


Anne Mette Havaas

Head of Strategy Public