Business and finance
30 Mar 11
Ramboll announces acquisition of Gifford
Ramboll today announced an agreement to acquire UK engineering and environmental consultancy Gifford. Gifford will join Ramboll UK to create a UK group approaching 1,000 employees.
The acquisition forms part of Ramboll's strategy for growth and strengthens the multidisciplinary capabilities of its UK operation.
“If we had designed a perfect fit, we could not have achieved better than this," said Ramboll's UK managing director Charles McBeath. "The synergy between the two organisations is uncanny - client base, people, skills, disciplines, approaches and expertise all complement each other. Ramboll in the UK is traditionally strong in the private sector and Gifford has an established reputation in the public sector. Even office locations around the UK balance really well."
Gifford chairman Gordon Clark said: "The passion and drive for excellence and the caring culture are alike in both organisations. Our track record, history and heritage have remarkable similarities. This is an exciting time to come together for both our staff and clients."
The announcement comes shortly after Ramboll group's year end results, which show an increase in net profits of 40% based on a revenue level of US$1.141 billion.
Ramboll was founded in Denmark in 1945 and the group has 9,000 employees and 200 offices in 20 countries throughout Northern Europe, Russia, India and the Middle East. Gifford was founded in the UK in 1951 and will continue to operate under its current name.
