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Wed May 22 2024

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Sweett forms US JV

15 May 12 Sweett Group has formed a US joint venture company as part of its continuing plan of global diversification.

The JV is with VVA, with which Sweett has had an alliance agreement since March 2011. The joint venture company, VVA Sweett, is registered in the State of New York, with each party owning 50% of the new company's shares.

Sweett Group and VVA will jointly market and deliver a combined project management and cost management service across the Americas.  The two will also capitalise on cross-selling opportunities across their combined global network of offices. VVA is an independent project management and consulting firm with offices in New York City, Washington D.C. and Sao Paulo.

Sweett Group chief executive officer Dean Webster said: "We are very pleased with the way our alliance with VVA has developed over the last 12 months, which has culminated in today's announcement.  Combining our expertise in cost management with VVA's track record of project managing high-end projects in the corporate, education, health and hospitality sectors will greatly benefit many of our global clients across Europe, the Middle East and Asia Pacific."

VVA Managing Director Lorenzo Vascotto said: "We are very excited to be expanding our global capability and being able to offer our clients an integrated service that combines international best practice with local knowledge."

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