Morson Group has expanded with the acquisition of multi-disciplinary engineering, technical and risk management consultancy Waldeck.
As part of the deal, the Peterborough-headquartered company will become a wholly-owned subsidiary within Salford-based Morson, maintaining its own brand and contracts while working alongside other group companies.
Waldeck will be partnering alongside Morson Projects, which provides multi-disciplined engineered services, project management, analysis, design and cyber-secure software to clients across a variety of industrial sectors.
Together, the pair will have a workforce of about 800 staff and a turnover in excess of £50m.
Ged Mason, chief executive of Morson Group, said: “We are delighted that the team at Waldeck are joining the Morson family and look forward to a prosperous and exciting future together.
“Waldeck has a strong brand and reputation within the UK, and specialist expertise in the engineering, technologies, construction and property markets. The addition of Waldeck to our portfolio means we are well placed to service the future growth expected in these sectors while consolidating our market leading position.”
Paul Waldeck, founder of the acquired business, added: “Having founded Waldeck more than 20 years ago, it was imperative for me to find a partner whose values and cultures matched our own. This is an exceptionally exciting time for everyone at Waldeck and our team is looking forward to joining the Morson Group.”
Beyond Corporate LLP acted for Morson Group.