Mannvit employs a group of 280 engineers and technical employees and operates internationally. Its acquisition is predicted to strengthen Cowi’s place within the Nordic area the place renewable power transition is accelerating.

Each Cowi and Mannvit have robust observe data in power, infrastructure and trade. Mannvit, specifically, has broad expertise in geothermal and hydropower, areas that Cowi considers are at the moment in excessive demand.

Cowi’s group chief government Jens Højgaard Christoffersen described the takeover as “an ideal match” from each a enterprise and a cultural perspective.

“Each firms have staff with nice technical capabilities, and we share values in addition to a powerful buy-in to work with our clients to co-create sustainable and well-designed options that enhance the standard of life for folks right this moment and plenty of generations forward,” stated Christoffersen.

Iceland, with its distinctive entry to volcanic geothermal and hydropower assets has the potential to develop into a ‘inexperienced power’ hub for numerous industries, stated Cowi.

The nation can also be a frontrunner in carbon seize and storage, which Cowi says until be key to tackling local weather change.

“For the reason that inexperienced transition is a core pillar in our technique, it is sensible to enter the Icelandic market,” commented Henrik Winther, Cowi’s government vp who will lead Mannvit’s integration.

Mannvit chief government Örn Guðmundsson famous that the Icelandic authorities has been rising funding into new infrastructure and inexperienced power lately and that this creates a requirement for expert specialists with related expertise.

“By becoming a member of forces with Cowi we get the chance to develop Mannvit as an organization whereas constructing on our legacy,” stated Guðmundsson. “From our collaboration on numerous tasks, we all know that there’s each a technical and cultural match between our firms. However most significantly, we share the identical ambition for a sustainable future.”

“We see how necessities intensify, for instance in our work with the bus speedy transit community in Reykjavík, which is why we teamed up with Cowi. So to strengthen our competitiveness, now we have determined to tie nearer bonds.”

As a part of the transaction, Mannvit will develop into a fully-integrated enterprise unit within the Cowi Group. It would change its title to Cowi and from January 2024 will function totally below the Cowi model. Till then, Mannvit will proceed to function below its personal title and model.

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