9 June 2015
We are delighted to announce the acquisition of FMW Consultancy Limited (FMW) on 8th June 2015.
This significant acquisition enables WYG to expand its transport offering across the south and south west of England and south Wales. It further cements WYG's status as one of the largest transport and infrastructure planning consultancies in the UK.
FMW employs 17 staff and operates mainly from offices in Bristol, Cardiff and Manchester for clients including housebuilders Persimmon, Barratt Homes, Redrow, Dyson, and a number of retailers and commercial developers.
This move is in line with WYG’s strategy of growing its core front-end consultancy offering through selective acquisitions. The range of expertise, clients and services offered by FMW complements perfectly that of WYG, thus enabling the company to enhance its transport services in key infrastructure, residential and energy markets.
Peter Blair, Head of Transport, WYG, comments: “We have long standing admiration and respect for our colleagues from FMW and welcome them to WYG. This acquisition is a significant boost to our capability and excellent news for our clients across the south and south west of England and Wales.”
Richard White, Managing Director, FMW, adds: “We are delighted to join WYG and its already successful 100-strong transport discipline team. We share common values and goals, and the additional services that WYG provides, such as environmental, urban landscape design and engineering, will be of tremendous value to our existing clients.”
The acquisition will be immediately earnings enhancing for WYG. For the year ended 31 May 2014, FMW reported turnover of £1.6 million and adjusted profit before taxation of £0.3m. FMW expects to report similar profit on similar revenue for the year ended 31 May 2015.