Date Founded



Frösundaleden 2,Solna, Stockholm 169 99

Type of Company


Employees (Worldwide)



Commercial Scientific Research
Industrial Machinery & Manufacturing
Power & Utilities
Other Business & Consulting Services
Engineering, Construction & Architecture

Company Description

AFRY AB engages in the provision of engineering, design, and advisory services. The firm offers consulting services for several markets including: architecture and design, automation and manufacturing, automotive and vehicle, buildings, defense, digital solutions, energy and power, environment, food and life science, management consulting, process industries, product development, project management services, transport infrastructure, and water. It operates through the following segments: Infrastructure, Industrial and Digital Solutions, Process Industries, Energy, and Management Consulting. The company was founded in 1964 and is headquartered in Solna, Sweden.

Contact Data
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Executives & Employees

Chief Executive Officer & President

Chief Financial Officer

Group General Counsel

Executive Vice President & Head of Corporate Sales

Executive Vice President & Head of Division Management Consulting

Executive Vice President & Head of Division Industrial & Digital Solutions

Executive Vice President & Head of Infrastructure Division

Executive Vice President & Head of Division Management Consulting

Executive Vice President & Head of Division Energy

Executive Vice President & Head of Division Process Industries

Board of Directors

Acting Executive Vice President at BillerudKorsnäs AB

Director at Atlas Copco AB

Director at AFRY AB

Director at Adapteo Oyj

Director at AFRY AB

Consultant & Project Manager at AFRY AB

Employee Representative at AFRY AB

Director at AFRY AB

Deputy Employee Representative at AFRY AB

Industrial & Digital Solutions Division at AFRY AB

Paths to AFRY AB
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Owners & Shareholders
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SEB IM aims to develop their capabilities by technology driven innovation and a sustainable approach to investments. With their mission of providing value adding asset management products and services, they aim to deliver world class service to their customers. The firm’s equity management is characterized by in-depth fundamental analysis combined with sophisticated and modern methods. The investment teams use both traditional stock picking processes and quantitative processes for their various products but they all share common investment beliefs and core values. SEB IM’s fixed income management is characterized by fundamental macro and credit analysis supported by solid quantitative analysis. For multi management, the investment process is fundamentally based on continuous market analysis and extensive experience. However, quantitative supporting tools are a natural part of the investment process in the screening process, analysis process and portfolio construction.

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Didner & Gerge is an active, conservative manager with an investment horizon of five years or longer. The firm employs a stock picking approach of concentrated portfolios, seeking to invest in well managed companies with good stock price potential, a stable sales and earnings history, good profit margins in the potential to achieve it.

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Lannebo Fonder is an active, long-term, and risk-aware manager which aims to create the best return possible for their clients at a reasonable risk by investing in global equity and debt across market-caps, with the bulk of their assets invested in Swedish equity. The firm selects stocks based on fundamental analysis and valuation. They have specialist expertise in small-caps and perform in-depth analysis at the company level, maintaining close contact with the management of their portfolio companies. Lannebo Fonder seeks to invest in companies with sustainable business models that are well positioned for the future. The firm does not invest in companies involved in the production or development of inhumane weapons such as: cluster bombs, nuclear weapons, and land mines.

Recent Transactions
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AFRY AB purchases Pinja Industry Oy from Pinja Group Oy

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AFRY AB purchases Ramentor Oy

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AFRY AB purchases CTT Systems AB /Gustavsberg Electronic Ops from CTT Systems AB

Transaction Advisors
Legal Advisor

Advised onAFRY AB purchases P.A.P A/S

Legal Advisor

Advised onAFRY AB purchases Benima AB from Teleca AB

Legal Advisor

Advised onAlmazinvest LLC purchases Lonas Technologija ZAO from AFRY AB

Legal Advisor

Advised onAFRY AB purchases Leannova Engineering AB from Fouriertransform AB


Advised onAFRY AB purchases Leannova Engineering AB from Fouriertransform AB


General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

AstraZeneca Plc is a holding company, which engages in the research, development, and manufacture of pharmaceutical products. Its pipeline are used for the following therapy areas: oncology, cardiovascular, renal, metabolism, and respiratory. The company was founded on June 17, 1992 and is headquartered in Cambridge, the United Kingdom.

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; production and sale of passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of light commercial vehicles, trucks, and buses; and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbo compressors, industrial turbine,s and chemical reactor systems; and the production of gear units, propulsion component,s and testing systems. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

Key Stats and Financials As of 2020
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Trustee at The Solomon R. Guggenheim Foundation

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Director at AFRY AB

SSAB AB Industrial Machinery & Manufacturing | Stockholm, Sweden

SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products. The SSAB Americas segment involves in the production of heavy plate in North America, and for steel and plate in Montpelier and Mobile, USA. The Tibnor segment distributes steel and non-ferrous metals in the Nordic region and Baltics. The Ruukki Construction consists of sales and production of energy-efficient building and construction solutions, with a focus on Northern and Eastern Europe. The company was founded in 1978 and is headquartered in Stockholm, Sweden.

Kungsleden AB Consumer Services | Stockholm, Sweden

Kungsleden AB engages in the property management and trading business. It operates through the following segments: Stockholm, Malardalen, Gothenburg, Malmo, Vasteras, Regional Cities, Development Projects, and Unallocated. The company was founded in 1994 and is headquartered in Stockholm, Sweden.

Mercell Holding AS Internet Software & Services | Oslo, Norway

Mercell Holding AS engages in the development of digital platform for public procurement. It provides electronic tendering solutions to find online tenders, global tenders, public tenders, and contracts in the public sector. The company was founded on May 8, 1999 and is headquartered in Oslo, Norway.

WSP Global, Inc. Engineering, Construction & Architecture - Montréal, Canada

WSP Global, Inc. operates as a professional services company which provides solutions to governments, businesses, architects and planners. It deploys a range of workforce ranging from engineers, technicians, scientists, planners, surveyors, environmental specialists, as well as other design, program, and construction management professionals. The company operates in different market sectors, such as property and buildings and transportation and infrastructure. It designs commercial, residential, government buildings, sports center, sky scrapers. The company's projects include international airports, such as Toronto Pearson, Ottawa Macdonald-Cartier, Queen Alia and Washington; bridges, such as veterans memorial, Woodrow Wilson, Chenab, Arthur Ravenel Jr. and Redhayes; urban infrastructure, such as water treatment plant in Harrington harbor, tidal back river greening and Jaypee city; Rail and transit, martime and underground tunnels. It specializes in the field of buildings, infrastructure including transportation, and municipal infrastructure, industrial and energy such as mining, oil and gas; and environment. The company covers its services throughout all project phases of execution including initial development, and planning studies, design, construction, commissioning, and maintenance phase. It operates through the following geographical segments: Canada, America; Europe, Middle East, India, and Africa; and Asia and the Pacific. WSP Global was founded by Christopher Cole in 1987 and is headquartered in Montréal, Canada.

Worley Ltd. Engineering, Construction & Architecture - Sydney, Australia

Worley Ltd. operates as a professional services provider to the resources, energy and industrial sectors. It operates through the following segments: Energy and Chemical Services, Mining, Minerals and Metal Services, Major Projects and Integrated Solutions and Advisian. The Energy and Chemical Services segment includes engineering, procurement, project management, program management, and operations. The Mining, Minerals and Metals Services segment line of business combines extensive local experience and innovative, integrated solutions with technically-led centers of excellence to explore process improvements, develop fit-for-purpose engineering and project execution, and accelerate the translation of customer objectives into actions that drive production and project certainty. The Major Projects and Integrated Solutions segment focuses on delivering projects that pose a level of commercial and reputational risk for Worley by the nature of their size, complexity and the scope of services and also engages in delivering integrated solutions, which include maintenance, modification, operations, engineering, fabrication, construction, hook-up and commissioning services to existing assets around the globe. The Advisian segment provides a true end-to-end offering integrating strategy, management and technical consulting expertise to clients in the hydrocarbons, resources and infrastructure sectors. Worley was founded by John Michael Grill in 1971 and is headquartered in Sydney, Australia.

Stantec, Inc. Engineering, Construction & Architecture - Edmonton, Can

Stantec, Inc. engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. The Energy and Resources segment is involved in industrial engineering services for private sector energy, resource, and power clients. The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. The Water segment is responsible for traditional planning, engineering, design, and construction management services. The company was founded by Don Stanley in 1954 and is headquartered in Edmonton, Canada.

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