Fast-expanding French infrastructure company Egis has agreed a deal to acquire Dubai-based engineering consultancy WME for an undisclosed sum.
Founded by Peyman Mohajer in 2011, WME’s 550 staff operate across the Middle East, North Africa and India, but has also carried out work in the UK and Singapore.
The deal is the latest in a number of takeovers carried out by Egis as it seeks to become a global top 10 engineering firm.
Most recently, it bought UK architect Weston Williamson + Partners (see further reading) and Chinese practice 10 Design. Turnover at the 16,000-strong company was €1.1bn in 2020.
Laurent Germain, Egis Group’s chief executive, commented in a press statement sent to GCR: “WME is an ideal fit for Egis. The quality of the skillset it brings will drive substantial value for our employees and clients in the Middle East and beyond. In addition, WME’s presence in India will strengthen our potential in this key country alongside the Middle East and is a major step forward in accelerating our development as a group.”
Peyman Mohajer, managing director of WME, commented: “I am very excited about today’s announcement. Combining WME’s team and portfolio with Egis will create a powerful world-class engine of innovation capable of delivering a sustained competitive advantage in the engineering industry.”
The transaction is expected to close in the first half of the year, and will bring Egis’ Middle East team to more than 2,000 employees.