UK-headquartered consultant Turner & Townsend says it will buy Johannesburg’s Profica, an 80-person consultancy specialising in construction and real estate project management.
Profica operates across north, west, east and southern Africa, with Turner & Townsend suggesting the acquisition will create “Africa’s leading real estate project management consultancy”.
Turner & Townsend has operated in Africa for over 40 years. Its 400 employees cover 13 cities in 11 countries.
The purchase will extend its reach to 19 cities in 16 countries.
Profica’s senior leadership team will remain in place.
Stephen McCartney, Turner & Townsend’s managing director in Africa, said: “Earlier this year, we strengthened our senior leadership team in Africa, as a signal of our intent to grow our business in the region.
“This move further reflects our strategic commitment to Africa and our ambition to lead the market in real estate project management.”
Tim White, Profica’s founder, said: “This partnership will allow us to offer clients a truly comprehensive and market-leading service across Africa.
“By pooling our expertise and capabilities, we will create a clear industry leader in Africa, one able to offer clients an unrivalled hands-on delivery capability for their construction projects.”
The acquisition is subject to regulations.
- Subscribe here to get stories about construction around the world in your inbox three times a week
Further Reading:
