RISE Acquires Parts of Swerea Research Group
29 June, 2018
RISE is strengthening its position as Sweden’s industrial research hub. Through its partial acquisition of the Swerea research group, RISE is enhancing its competence and capacity to contribute to Swedish competitiveness and sustainable development.
Swerea comprises five research institutes in the fields of materials, production, and product development: IVF, SICOMP, SWECAST, KIMAB and MEFOS.
RISE is now acquiring two thirds of the research group and adding entirely new competencies in order to strengthen its role as an attractive player in the work towards developing a sustainable global future.
“It’s fantastic that we are now getting an additional 355 innovative problem solvers here at RISE. In order to meet major societal challenges and – not least of all – the shift to a more sustainable society, we need to work across research boundaries. It is in the interface between different technologies and competencies where new achievements will come about. The broader our industry expertise, the stronger and more attractive we will be as a partner to industry,” says Pia Sandvik, CEO of RISE.
As a result of the acquisition, the sum of RISE’s research capabilities will be strengthened within, for example, digitalisation, smart industry, production technology, recycling, and material development.
“We often say that Sweden is at the forefront when it comes to innovation. And we are, indeed, proficient in that regard. But in order to ensure our long-term success as an internationally prominent player, we need to establish broad, cross-functional collaborations. With Swerea we are now taking another step towards bringing together Sweden’s research institutes.”
The company merger will take effect as of 1 October 2018. The deal concerns 540 employees nationwide. MEFOS and parts of KIMAB, with a total of 185 employees, will form an entirely new research institute focusing on steel, mining, and metals research, with RISE as part-owner.