AFRY AB is a global engineering, design, and advisory firm that assists clients in navigating the transition toward a more sustainable and digitalized society. The company operates through five main divisions: Infrastructure, Industrial & Digital Solutions, Process Industries, Energy, and Management Consulting. The Infrastructure segment (accounting for approximately 33% of revenue) focuses on civil engineering, transportation, water management, and urban development projects. Industrial & Digital Solutions (around 20%) provides product development, automation, and IT services across various sectors, including automotive and defense. Process Industries (17%) serves heavy industries such as pulp and paper, mining, and chemicals, while the Energy division (11%) offers expertise in power generation, transmission, and renewable energy systems. The Management Consulting arm provides strategic advisory services to help businesses adapt to changing market conditions. AFRY generates the majority of its revenue in Sweden and other Nordic countries, though it maintains a significant international footprint with projects in over 100 countries. The company's business model relies on selling professional expertise and billable hours rather than physical products or construction services, positioning it as a key enabler of industrial decarbonization and infrastructure modernization.
