Corporate deals were very much in evidence this week, as Bouygues Construction subsidiary Bouygues Bâtiment International snapped up West-Midlands based Thomas Vale and Arcadis, the new owner of EC Harris continued its spending spree to buy Davis Langdon & Seah the Asian branch of Davis Langdon. Davis Langdon & Seah was not part of the deal that saw Aecom buy Davis Langdon in 2010.
Midlands-based Thomas Vale employs more than 700 staff and expects to have generated a turnover of just over £200m for the 12 months to the end of March.
The deal is the latest stage in Bouygues’ UK expansion programme in the UK following the acquisitions of Warings, Leadbitter, Denne and ETDE. Bouygues Bâtiment International said the acquisition would be a “significant move” for its expansion programme in the UK, providing it with access to a buoyant region that complements Bouygues Construction Group’s existing subsidiaries in London, the South East, South West and Wales.
It said Thomas Vale, which has a head office in Worcestershire and regional offices in Birmingham, would benefit from the Bouygues global technical capability and commercial expertise.
No financial details relating to the acquisition were immediately available.
Bouygues Construction deputy chief executive officer Olivier-Marie Racine said: “This is an important region of England for the Bouygues Group and a great addition to our UK portfolio,” he said.
Thomas Vale group managing director Tony Hyde said Bouygues resources would allow it to continue to increase its market share in key sectors.
“This move will allow the business to capitalise on additional emerging markets and opportunities which complement our skills and experience,” he said.
“We look forward to continuing our working relationships with our public and private sector clients.”
Meanwhile Arcadis chief executive Neil McArthur told Building that the Davis Langdon name will go from £79m turnover Asian consultant.
Arcadis will also pursue further acquisitions. The deal will see staff numbers expand in Asia from 700 employees to 3,500.
The deal takes Arcadis’ global revenue to £2bn (€2.4bn), with a worldwide workforce of 21,000.
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