Built asset consultancy EC Harris will buy one of China’s top project management consultants MB Project Management (MBPM).
The acquisition will enable EC Harris to broaden its local delivery of built asset consultancy services to its blue chip and local client base across China and other Asian markets.
MBPM is a project management consultancy operating out of wholly-owned offices in Shanghai and Beijing with over 30 employees. Following the deal, MBPM will operate under the EC Harris brand, creating a network of over 100 experienced professionals on the ground in three offices across China - Shanghai, Beijing and Guangzhou.
“Our acquisition of MBPM is designed to strengthen our built asset consultancy platform in China, bringing even greater local expertise to our Chinese business,” said EC Harris regional leader for Asia Alan Brookes.
“We share a common commitment to high-quality services combining the best of local experience with international expertise and best practices, which we have found a powerful and persuasive proposition for China’s built environment. Merging our shared China resources is the next logical step in EC Harris’s regional expansion strategy, and a win for both companies and our clients.”
“We are pleased to be joining EC Harris as it enables us to continue to offer the best possible support for our clients’ China projects across an even broader footprint and with even better capabilities,” MBPM managing director Mark Budden.
The acquisition of MBPM will provide clients with greater access to benchmark information and knowledge through its experience working in over 50 cities in China and expertise in the retail, education, corporate real estate, industrial and hotel sectors.
MBPM Managing Director Mark Budden will become joint EC Harris regional leader for China with Simon Baxter. Combining the strength of the MBPM team, EC Harris will be targeting a number of sectors that have been identified for further growth within China including property, investors, retail, health and aviation.
“China is continuing to develop its base of built assets through both new projects and transformation of existing facilities,” Alan Brookes continued.
“Concurrently, multinational corporations and other international clients are looking to build out their China presences in order to meet the needs of this booming market. Both groups require a new level of third-party consulting support in order to achieve the best implementation, results and revenues from their built assets. It is a challenge that the combined EC Harris/MBPM platform is uniquely equipped to meet.”