Japanese consulting firm Nippon Koei has acquired BDP as part of an agreement worth £102M.
In a statement, the companies said the deal will allow them to combine their technical skills in engineering, architecture and design, with a focus on winning and delivering more projects across international markets. Both companies will retain their existing operations and branding.
Nippon Koei also said the acquisition will allow it to expand its current international offering in the expanding Asian commercial markets.
Ryuichi Arimoto, Nippon Koei president, said: “As a leading architecture and design firm in the UK, BDP’s participation in the NK group will mark a great turning point in both of our histories. We will join forces on a global basis and provide solutions together to the many urban development problems from both an engineering and an architectural perspective.
“The combination of NK’s 70 years of experience in social development and infrastructure together with BDP’s 55 years of experience in the education, health and commercial sectors, will create significant opportunity to add value for our clients and, I am confident, will lead the group to become the world’s leading integrated architecture, engineering and design company for the next generation. I also believe that the synergies between us will not only advantage our projects but will be of enormous benefit to our staff from a human resources perspective.”
BDP currently has six UK studios as well as offices in Ireland, the Netherlands, the Middle East, China and India. The firm employs 950 people and reported turnover of over £81M in 2015.
The company’s chief executive John McManus commented: “The alliance with Nippon Koei heralds an exciting new era in BDP’s evolution. Although separated geographically, our two firms share common values and have highly complementary strengths in terms of professional offer and sector expertise. By uniting the two firms, we are creating an organisation which genuinely has the potential to be greater than the sum of its parts. We believe that this strategic international alignment will deliver huge benefits to our clients and will offer exceptional prospects for our people to develop both professionally and personally.”
Nippon Koei employs around 3,200 people and delivered turnover of £430M in 2015. The company has been listed on the First Section of the Tokyo Stock Exchange since 1954.