Pell Frischmann starts acquisition spree with Desco
Multi-disciplinary engineering firm Pell Frischmann has taken over Sunderland-based mechanical and electrical specialist Desco.
Pell Frischmann said that Desco was just its first acquisition under new plans to build a group of market-leading engineering consultancy firms.
Pell Frischmann was itself taken over last year by German investment trust RAG-Stiftung.
Pell Frischmann chief executive Tushar Prabhu said: “Pell Frischmann has a long-term strategy for dynamic growth through the acquisition of related and complementary consultancy engineering companies. Desco is a fast growing and innovative specialist in MEP engineering that fits Pell Frischmann well in terms of culture and ambition, and we are pleased welcome it into our team.”
Desco managing director Paul Marshall said: “This marks a new and exciting phase for Desco as we accelerate our growth strategy with the backing of a major international investor and with Pell Frischmann’s expertise across the infrastructure and property sectors.”
Desco was established in 1998 and employs approximately 120 people across its offices in Sunderland, Leeds, London, Croydon, Doha and Manila. It will keep its existing management board and structure, operating as a subsidiary of Pell Frischmann. This model is expected to be repeated as Pell Frischmann grows its group of businesses in the UK and overseas, a company statement said.
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This article was published on 9 Aug 2016 (last updated on 9 Aug 2016).