Dutch consultants DHV and Royal Haskoning are to merge, creating a £590M turnover, 8,000-strong firm with more than 100 offices in over 35 countries.
The intended name of the new company will be Royal Haskoning DHV.
In a joint statement, the firms said the merger realises the ambition of both founding companies to be an industry leader backed by a financially sound balance sheet. They added that it accelerates their strategies for international expansion with combined knowledge and geographic bases in Europe, South Africa, the Middle East and Asia.
DHV Group is a consultant employing 4,300 staff in 18 countries worldwide. It works primarily in the fields of water and transport. Royal Haskoning is a project manager and consultant with 3,700 staff in 24 countries. It works primarily in transport, maritime and waterways, energy, buildings and water. Both Royal Haskoning and DHV are independent, trust-owned, non-listed companies. The transaction will be a “merger of equals”, and the new company will also remain independent and wholly trust-owned.
The letter of intent for the merger was signed by both parties yesterday. Both firms will now carry out due dilligence and it is hoped that a merger agreement will be signed in the summer.