Sweco UK acquires MLM Group
The company - which has Scottish offices in Glasgow and Edinburgh - creates a combined business with an annual turnover of £108 million
Rosemary Gallagher
Max Joy, president of Sweco UK
Engineering, environment and design consultancy Sweco UK, which has offices in Glasgow and Edinburgh, has bought MLM Group for an undisclosed sum.
Sweco, which employs more than 250 people in Scotland, has been involved in a number of recent projects north of the border, including the Queensferry Crossing, A96 and Cross Tay Link Road in Perthshire.
Queensferry Crossing costs to hit Galliford Try profits
The deal with MLM creates a combined business with an annual turnover of £108 million and 1,340 employees, across a network of 26 offices in the UK and Ireland.
The acquisition is intended to complement Sweco's skills in transportation, environment, energy and building design.
Sweco entered the UK market with the acquisition of Grontmij in 2015. Since then, the business said it has achieved year-on-year growth and consulted on a wide range of landmark projects.
Scottish construction industry figures show dramatic fall in employment and output
MLM Group, which employs 460 people, has an annual revenue of approximately £40m and EBITA of around £4m.
Steve Oliver, chairman at MLM Group, said: "We're proud of the achievements our business has made in its long history and this deal accelerates our long-term growth ambitions by becoming part of a leading, global consultancy whose values mirror our own."