Following a merger, completed on February 22, ÅF and Pöyry have decided to rebrand the joint company as AFRY.
AFRY is a leading company within engineering, design and advisory services, with its clients mainly within the infrastructure, industry and energy sectors.
ÅF was founded in 1895 and Pöyry in 1958 and, since the merger, the merged entity has become the biggest company in its sector in the Nordic region, and a global actor with almost 17,000 employees in offices in 50 countries and projects in 100 countries. This comes with an annual revenue of about SEK20 billion ($2.08 billion).
Jonas Gustavsson, President and CEO at AFRY, said: “Our focus on sustainability is strengthened and our position as a global company consolidated with the launch of AFRY. Given the exponential technological development we are facing, our services and solutions are more relevant than ever.”
Gustavsson added that in the last couple of years, the companies have experienced significant growth, with revenue doubling since 2015.
The company said: “The need for sustainable solutions is greater than ever in times of increased globalisation, urbanisation, digitalisation and climate change. At AFRY we drive the transformation, and, together with our clients, we are able to influence many parts of society through solutions that reduce our impact on the climate.”
With a new common brand and offer, the company says it has strengthened its position in its core markets of Sweden, Norway, Denmark, Finland and Switzerland, and grown internationally within, for example, the energy and process industries.