UK engineering company TSP Projects bought by SYSTRA
TSP Projects was released from the British Steel portfolio last week and has been acquired by international mass transit, mobility and infrastructure company SYSTRA. The deal sees the award-winning UK multi-discipline design and engineering consultancy secure its future by joining a world leader in transport infrastructure.
From today, TSP Projects will become a wholly owned subsidiary of SYSTRA Ltd, doubling the French company’s presence in the UK and will be known as TSP Projects, a SYSTRA company.
The French giant boasts national and international experience in high speed rail, heavy rail, metro, light rail transit and transport consultancy. TSP Projects’ extensive experience in the UK heavy rail sector creates an opportunity for SYSTRA to become the UK leader in transportation solutions across all aspects of rail engineering, complex infrastructure and transport planning. TSP Projects’ expertise in civil engineering, electrification and track will expand and complement SYSTRA’s UK rail engineering services. Furthermore, the move sees SYSTRA commit to support TSP Projects’ other business sectors: energy from waste, security and construction.
The investment marks a major milestone for the French company, creating an 800 strong combined workforce in the UK and providing TSP Projects with a permanent owner aligned with its core activity. With an annual turnover of £35million, TSP Projects employs over 400 people across five offices in the UK: York, Manchester, Birmingham, Reading and Bristol and from today the teams will work alongside SYSTRA Ltd, which has 13 UK offices.
Pascal Mercier, SYSTRA Ltd CEO said: “As the signature team for transportation solutions, SYSTRA is committed to providing clients with truly specialist expertise, delivered locally. This acquisition is a game-changer for our UK & Ireland business, placing us among the leading UK consulting engineering firms. This is a good fit between two like-minded companies with a shared commitment to excellence, safety and innovation.”
TSP Projects staff will benefit from access to a broader range of opportunities through joining a 6,700 strong global company with a 60-year track record in mass transit, mobility and infrastructure. TSP Project employees will be able to apply their expertise to other markets and develop their skills in new areas and technologies. The combined UK & Ireland team will be able to export homegrown skills to clients across SYSTRA’s global operations in 80 countries.
Craig Scott, TSP Projects CEO added: “We are pleased to be part of a global engineering company which shares our focus on technical excellence and has pledged to support our continued growth. After a number of years of uncertainty under a variety of owners SYSTRA provides a stable and long-term home which will present great opportunities for TSP Projects’ staff. Our clients will see continuity of great service as we continue to deliver high quality design and build engineering solutions from concept to completion.”
With a large portfolio of ongoing works on the books TSP Projects are active on a number of large rail projects including Leeds Railway Station roof and concourse transformation, Gatwick Station, Transpennine Route Upgrade (TRU) and the East Coast Power Supply Upgrade (PSU). TSP Projects also has an exceptional reputation for design of energy from waste projects across the UK including Leeds RERF, Suffolk, Avonmouth and Parc Adfer.
ENDS
For further information please contact Mikhaila Stanley, TSP Projects at Mikhaila.stanley@tspprojects.co.uk or 01904 454628.
Notes to Editors
About SYSTRA
SYSTRA keeps the world moving through connecting people and places. By enabling mobility, our work strengthens communities, increases social inclusion and improves people’s access to employment, education and leisure opportunities. We deliver consultancy, engineering and specialist technical services that enable safe, efficient and sustainable mobility and foster economic prosperity.
A recognised world leader in mobility and mass transit, SYSTRA is an international company, present in more than 80 countries, with more than 6,700 employees. Engineering News-Record ranks SYSTRA in the top five mass transit and rail international design firms and among the 50 largest engineering firms in the world.
Our specialists plan, design, integrate, test, commission, project manage and deliver mass transit and mobility solutions that are relied on by millions of people every day around the world. For more than 60 years we have helped cities and regions thrive through creating, improving and modernising their transport infrastructure.
SYSTRA has been involved in the UK’s vital mass transit and mobility schemes for more than 50 years and delivered projects in the Republic of Ireland for nearly 40 years. Our UK and Ireland operations are on a fast-track growth path following the acquisitions of JMP Consultants Ltd in 2015, SIAS Transport Planners in 2016 and TSP Projects in 2019.
About TSP Projects
TSP Projects is an award-winning, multi-disciplinary solutions business that provides a full range of services from consultancy, design and engineering solutions, to programme and construction management. With headquarters in York, more than 420 engineers, architects and technical experts across five UK offices and an annual turnover exceeding £35 million, TSP Projects is a leader in its field and can boast an enviable portfolio of projects of strategic national importance.
Specialisms include rail, energy from waste, security and construction, with high-profile projects including the redevelopment of King’s Cross Station, Reading Station redesign, the Thameslink Programme and the design of Energy from Waste (EfW) facilities across the country.
A current flagship project for the firm is the Gatwick Airport Station redevelopment, working in collaboration with industry partners Gatwick Airport Ltd, Network Rail and Costain, to transform the station-terminal passenger experience. An impressive new transport gateway will be created, and the size of the concourse area is set to be doubled to reduce congestion and improve access.