CAPITA PROPERTY Consultancy this week bought consultant Symonds Group for £29.9M in cash.
The deal sees the combined business rocket into the top 10 biggest consultants in Britain with total staff of more than 2,700 and annual turnover of over £160M.
Both firms will continue to operate under their existing names and structure until creation of a new firm, Capita Symonds, in the summer.
Symonds Group chairman Chris Booy will step down from day to day involvement in the business to become non-executive chairman of the new company.
Capita Property Consultancy managing director Richard Marchant will be managing director of Capita Symonds.
'We had been looking at options for a while to help us decide the way forward, ' said Booy. 'We have been working on bigger projects and Capita gives us the bigger platform to work from which is very exciting.'
Booy led the management buyout of Symonds from Vivendi in mid-2000 after the French conglomerate had failed to integrate the firm, previous called Travers Morgan, into its facilities management business.
Since the buyout, Symonds has refocused on engineering and project management, with recent projects including work at Wimbledon Tennis Club, the Dibden Container Terminal and - with Capita - design and installation of the London congestion charging technology.