Siren Architects joins Solwers

Solwers Plc, Press Release July 4, 2024, at 14:00 EEST

Solwers is strengthening its group with architectural expertise. The group's subsidiary, Davidsson Tarkela Architects Oy, has today signed an agreement to acquire the entire share capital of Siren Architects, the Finland's oldest architectural firm by history. Siren Architects' revenue for the fiscal year 1.3.2023-29.2.2024 was 1.75 million euros (1.74) with an adjusted EBIT-margin of 13.5% (14.4%). The company employs a total of 18 professionals and will be reported as part of the Solwers group starting from 1.7.2024.

The share transaction will not cause changes to the operations of Siren Architects; work will continue as an independent unit under the leadership of Jukka Siren.

The history of Siren Architects stems back to 1925 when J.S. Sirén won the design competition for the Finnish Parliament House. Over the decades, the company has designed well-known landmarks both in Finland and internationally, including the Granite House and Ympyrätalo in Helsinki, the Lahti Concert Hall, as well as the Baghdad Congress Center in Iraq. The design references include numerous residential and office buildings, educational institutions, sports facilities, renovations, and urban planning.

"We are pleased to add more strong expertise in the design of high-value properties and demanding new construction projects along with significant references," says Leif Sebbas, Chairman of the Board of Solwers Plc.