Sitowise

What Sitowise does

Sitowise is a Nordic technical consulting and digital solutions company headquartered in Espoo, Finland, with operational roots dating to the 1970s and the current corporate structure formed in 2017. The company is publicly listed on Nasdaq Helsinki (ticker: SITOWS) since March 2021 with a secondary listing on the Frankfurt Stock Exchange, and operates three business areas: Infrastructure, Buildings, and Digital Solutions, serving public sector clients (municipalities, cities, transport authorities) and private infrastructure and real estate developers across the Nordics.

The company combines traditional engineering and planning services with a portfolio of proprietary digital products, including Smartlas (surveying and laser scanning), Foresta (forestry management), Louhi (rock engineering and geotechnical), Infracontrol Online (infrastructure monitoring), Planect (urban planning), Routa (road and asset management), and ITS & Automation (intelligent transport systems). The Bitcomp Oy acquisition in June 2022 approximately doubled the SaaS business and added complementary geospatial and infrastructure management capabilities. The platform architecture spans data capture, asset management, planning, and operational monitoring, indicating a verticalized SaaS offering built on top of the company's consulting expertise.

Sitowise's business model combines project-based consulting revenue (billable hours and fixed-price engineering projects) with recurring SaaS and licensing income from its proprietary products. The SaaS and digital solutions segment is a strategically important growth pillar, intended to improve margin mix relative to traditional services. As of 2024, the company reported revenue of approximately EUR 193M with a workforce of roughly 2,000 employees, implying revenue per employee near EUR 95-100K, characteristic of a services-heavy cost structure. Recent strategic actions, including the divestiture of Sitowise Sverige AB to Sweco in 2026 and a new EUR 89M financing arrangement, indicate an ongoing portfolio simplification and capital structure repositioning.

Name

Sitowise

Legal name

Sitowise Oy

Website

https://sitowise.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sitowise is a publicly listed Nordic technical consulting and digital solutions company headquartered in Espoo, Finland, serving municipalities, transport authorities, and infrastructure owners with engineering services and a portfolio of proprietary SaaS platforms spanning infrastructure, buildings, and digital solutions.

Ownership category

akta.pro rank

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Technical Consulting Services: Engineering and consulting services for buildings, infrastructure, and technical design including structural engineering, HVAC design, and project management
2. Digital Solutions/SaaS: SaaS products for forest management, GIS platforms, smart city solutions, and geospatial data analytics with recurring subscription revenue
3. Sustainability Services: Environmental consulting, sustainability reporting, and ESG-related professional services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Sitowise is a Nordic technical consulting and digital solutions company that provides engineering, design, and digital platform services for the built environment. The company delivers Buildings services (HVAC design, structural engineering, energy optimization, acoustics, architecture, construction contracting), Infrastructure services (urban development, bridge and tunnel design, transport planning, water services), and Digital Solutions (proprietary platforms for GIS, smart city management, climate-resilient design, forest management, and infrastructure maintenance).

Product overview

Sitowise operates as a Nordic technical consulting and digital solutions company organized into three business areas: Infra, Buildings, and Digital Solutions. The Digital Solutions portfolio includes proprietary products Smartlas (climate-resilient design with AI-powered satellite monitoring), Foresta (forest management system for forest sector), Louhi (GIS platform for municipalities), Infracontrol Online (smart city platform), Planect (urban impact assessment), Routa (infrastructure maintenance), and ITS & Automation (intelligent steering). The company also provides Buildings services (HVAC, energy optimization, architecture, construction contracting) and Infrastructure services (urban development, bridge/tunnel design, transport planning). Sitowise serves clients across Finland, Sweden, and other Nordic countries.

Differentiator

Problem solved

Functional benefit

Brands

• Smartlas: Climate-resilient design solution using AI and satellite monitoring for smart maps and reports
• Foresta
• Louhi
• Infracontrol Online
• Planect
• Routa
• ITS & Automation

Products and services

• Smartlas
• Foresta
• Louhi
• Infracontrol Online
• Planect
• Routa
• ITS & Automation
• Buildings Services
• Infrastructure Services
• Digital Twins

Quantifiable outcome

• 96% of Sitowise customers would choose them again
• +3 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature7 records

Partnerships

18 partnerships are on record, tiered major, strategic, core, minor and significant.

• SwecomajorStrategic or Co-development Partner · 9 June 2026Sitowise sold its Swedish subsidiary Sitowise Sverige AB to Sweco for approximately EUR 3.0 million enterprise value plus earn-out up to EUR 2.0 million. The transaction allows Sitowise to focus on its core businesses in Finland and Digital Solutions while Sweco acquires technical consulting operations in Sweden.
• RambollstrategicImplementation/ SI/ Consulting Partner · 1 June 2026Joint consortium to prepare the track plan for the Airport Line (Lentorata) connecting Helsinki Airport to the rail network.
• Sweco Finland OystrategicImplementation/ SI/ Consulting Partner · 21 August 2025Partnership to update the Lohja-Salo railway plan as part of rail infrastructure development.
• DowningstrategicStrategic or Co-development Partner · 19 May 2025Long-term cooperation agreement for energy storage project expansion involving 26 sites implementation.
• Vantaa Light RailcoreImplementation/ SI/ Consulting Partner · 8 May 2025Contract for second partial order of Vantaa Light Rail project for planning services in the Tikkurila section.
• Infrastructure Programme Helsinki AlliancecoreStrategic or Co-development Partner · 12 November 2024Alliance partnership bundling West Tram, Viikki-Malmi light rail, and West Harbour light rail projects. Sitowise selected as one of the designers alongside YIT Infra, NRC Group Finland, and Sweco Finland.
• Ahlman Group Oy (Expert operations)minorStrategic or Co-development Partner · 9 January 2024Acquired Expert operations of Ahlman Group Oy for EUR 0.64 million, strengthening digital and built environment specialist operations.
• Convia (Ingenjörsbyrå AB and Infrastructure AB)minorStrategic or Co-development Partner · 18 October 2022Acquired Stockholm-based construction and infrastructure consulting company with 23 employees specializing in buildings, industries, bridges and tunnels.
• Bitcomp OystrategicStrategic or Co-development Partner · 21 June 2022Acquired pioneer in SaaS solutions for forest and natural resources sector to strengthen geospatial data solutions and AI in asset management. More than doubled Sitowise's SaaS business.
• E60 Elkonsult ABminorStrategic or Co-development Partner · 1 June 2022Acquired Swedish electrical design expert organization in Norrtälje with 10 employees.
• Mavacon ABminorStrategic or Co-development Partner · 31 January 2022Acquired Swedish infrastructure and community construction consultant located in Falun with 13 employees.
• Insinööritoimisto Jorma Jääskeläinen OyminorStrategic or Co-development Partner · 22 December 2021Acquired Tampere-based structural engineering and consulting company with expertise in building projects.
• Livair OyminorStrategic or Co-development Partner · 30 November 2021Acquired HVAC planning and consulting services company founded in 1990, based in Espoo.
• Turku One Hour Train LtdcoreImplementation/ SI/ Consulting Partner · 1 October 2021Planning partner for Helsinki-Turku high-speed rail link with approximately EUR 5 million planning agreement for 31-kilometer section from Lempola to Suomusjärvi including 11 tunnels and 31 bridges.
• Crown Bridges ConsortiumcoreStrategic or Co-development Partner · 25 August 2021Alliance including City of Helsinki, Helsinki City Transport, NRC Group Finland, YIT Finland, Ramboll Finland, Sweco Infra & Rail for Crown Bridges tramway project including Kruunuvuorensilta bridge (Finland's longest bridge at 1,191 metres).
• Infracontrol ABstrategicStrategic or Co-development Partner · 9 July 2021Swedish IT company acquired by Sitowise to strengthen digital solutions business, now operating as Sitowise Digital Solutions AB.
• EncominorStrategic or Co-development Partner · 30 June 2021Acquisition to bring property management services into a new era through digital solutions.
• YITsignificantStrategic or Co-development Partner · 31 August 2020Joint proposal for Tomorrow's Helsinki idea competition with YIT, creating a plan for pedestrian city centre with underground collector road realignment. Collaboration on urban development planning.

Scale indicators16 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• WSP: Global professional services firm with substantial Nordic engineering and environmental consulting operations; competes with Sitowise on large transport and urban development mandates.
• Pöyry (now part of AFRY): Finnish-origin global consulting and engineering firm (now within AFRY) with strong forest, energy and infrastructure practices that overlap with Sitowise's sector coverage.

Direct peers

• Etteplan: Finnish-listed engineering and embedded software services firm serving industrial and infrastructure clients; comparable in size, listed status and Nordic focus.
• Sweco: Largest Nordic engineering and design consultancy, directly comparable to Sitowise across infrastructure, buildings, water and urban development; now also acquiring Sitowise's Swedish subsidiary.
• Ramboll: Nordic-headquartered engineering, architecture and consulting firm with overlapping practices in transport, buildings, environment and digital — a direct competitor in Finnish alliance projects (e.g., Crown Bridges, Airport Line).
• AFRY (ÅF): Sweden/F Finland-headquartered engineering and design company serving infrastructure, energy, industry and buildings — closely comparable to Sitowise's sector mix.

Others

• Sitowise's Finnish infra alliances (e.g., NRC Group Finland, YIT Infra): Counterparties in the same Finnish infrastructure alliances (Crown Bridges, West Tram, Viikki-Malmi); not direct engineering peers but competing for adjacent scopes within consortium bids.
• Esri: Dominant GIS platform provider; comparable in the geospatial domain Sitowise addresses through Louhi and Foresta, and a potential technology partner rather than direct competitor.

Emerging players

• Trimble: Geospatial, BIM and infrastructure software vendor whose solutions overlap with Sitowise's Louhi GIS, Smartlas and digital twin offerings in the built-environment software stack.
• Bentley Systems: Infrastructure engineering software company whose digital twin and asset lifecycle tools overlap with Sitowise's digital solutions strategy for roads, rail and municipal infrastructure.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCyGGedLoh5L8ZKaM0rt77qQ?view_as=subscriber
• Facebookfacebook.com/sitowise
• LinkedInlinkedin.com/company/sitowise
• Instagraminstagram.com/sitowisesuomi
• Xx.com/sitowisegroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries11 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sitowise