Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Wed December 07 2016

Related Information
Related Information
Related Information
Related Information

News » UK » Pell Frischmann starts acquisition spree with Desco » published 9 Aug 2016

Pell Frischmann starts acquisition spree with Desco

Multi-disciplinary engineering firm Pell Frischmann has taken over Sunderland-based mechanical and electrical specialist Desco.

Tushar Prabhu welcomes Paul Marshall to the group Above: Tushar Prabhu welcomes Paul Marshall to the group

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.

 

 

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 9 Aug 2016 (last updated on 9 Aug 2016).

More News Channels