Design engineering consultancy BWB is set for a phased takeover by Spanish transport engineering firm CAF Group, which it said will allow significant expansion of its business.
BWB said the three-year takeover, the terms of which are not being disclosed, will allow it to grow at home and abroad, particularly in emerging areas such as smart cities. The firm currently has an annual turnover of £23M.
CAF Group’s acquisition of Nottingham-based BWB will help its expansion plans into English-speaking markets. The transport engineering company, which has an annual turnover of more than £1.1bn, offers civil engineering services for rail networks.
“This is undoubtedly the most exciting moment in the history of our business,” said BWB Group chief executive Steve Wooler.
“We believe there is a once in a lifetime opportunity for BWB, over the next decade or so, to play a leading role in digital engineering, Smart Cities, and colossal investment in infrastructure, not just here in the UK but across the world. Becoming part of a hugely respected business like CAF not only unlocks the door to that opportunity, it materially extends BWB’s horizons.”
BWB will remain a standalone business alongside CAF Group’s engineering subsidiary CAF TE. Last year BWB bought mechanical and electrical building services consultancy EDCM Consulting.