Professionals from AFRY and Reta Engenharia working together on site.
AFRY has acquired Reta Engenharia, a leading Brazilian project and construction management firm, to enhance its industrial capabilities in the Americas. This strategic move is expected to strengthen AFRY’s position in key sectors, particularly mining and metals, by leveraging Reta’s extensive market experience and skilled workforce. The acquisition aims to create new growth opportunities and solidify AFRY’s presence in Brazil, with an emphasis on technical excellence and sustainability in industrial development.
In a significant move aimed at expanding its industrial capabilities across the Americas, AFRY has entered into an agreement to acquire Reta Engenharia, a well-established Brazilian firm renowned for its project and construction management services. This acquisition is expected to enhance AFRY’s reach in key industrial sectors, particularly in the mining and metals area, where Reta has built a solid reputation.
Reta Engenharia stands out for its expert project management and construction oversight, employing more than 200 skilled professionals. The company is recognized for providing high value-added services, especially during the initial phases of project development and in effective construction management and site supervision. This strong foothold in the Brazilian market positions Reta as a crucial asset for AFRY as it seeks to broaden its industrial activities.
The acquisition will allow AFRY to tap into Reta’s extensive experience in managing a wide range of capital investment projects and local operational services. With this integration, AFRY aims to unlock new growth opportunities, further fortifying its workforce in Brazil, which currently numbers over 1,200 employees.
Looking ahead, Reta Engenharia’s net sales are projected to reach approximately SEK 135 million in 2024, showcasing the firm’s potential for continued success and growth. While the financial specifics of the acquisition remain undisclosed, the strategic benefits for AFRY have drawn attention in the market.
The acquisition process is contingent upon meeting certain operational closing conditions and is expected to be finalized by the end of the third quarter of 2025. Initially, the agreement will last for a period of two years, with an option for extension, further indicating both parties’ commitment to collaboration and mutual growth.
Analysts have responded positively to the news, maintaining a “Buy” rating for AFRY stock, reflecting confidence in the company’s enhanced position within the industry following this acquisition. The strategic move is considered pivotal for AFRY as it pushes towards sustainable industrial development in Brazil.
The leadership at both companies has expressed enthusiasm about the shared vision for technical excellence and sustainability. This partnership aligns with AFRY’s commitment to driving impactful industrial solutions, leveraging Reta’s local expertise to navigate the complexities of the Brazilian market.
The acquisition of Reta Engenharia marks an important milestone for AFRY as it seeks to solidify its standing in the Americas. With Reta’s strong market presence and expertise, this collaboration is anticipated to propel AFRY toward new heights in construction management and project execution, benefiting clients in the mining and metals sectors and beyond.
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