# AFRY signs agreement to acquire Svea Power

AFRY signed an agreement to acquire Swedish Electrical and Power Control AB (Svea Power), a company specializing in high-tech products and services for the hydropower industry. Svea Power has 16 employees and annual turnover of approximately SEK 28 million.

- Type: Acquisition
- Announced: 2022-01-13
- Where: Enköping, Sweden, Sweden
- Jobs: 16
- Status: announced
- Products: magnetisation systems, electrical auxiliary systems for power plant generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [AFRY](https://endata.com/companies/16007.md) (acquirer)
- [Swedish Electrical and Power Control AB (Svea Power)](https://endata.com/companies/60345.md) (target)

## Sources

- [afry.com](https://afry.com/en/newsroom/press-releases/afry-signs-agreement-acquire-swedish-electrical-and-power-control-ab-svea), 2022-01-13: "The functioning of hydropower in the energy system is changing and its properties remain incredibly important in terms of enabling us to successfully manage the energy transition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.