Peter Fraenkel & Partners, NIRAS to Form Strong European Marine Engineering Company
- Business & Finance
Peter Fraenkel & Partners Ltd with 20 employees and 40 years track record of worldwide marine civil and coastal engineering has joined the international engineering consulting company NIRAS.
Part of growth strategy
“By joining NIRAS, we become part of a strong international civil engineering consultant that provides us with the international network and financial power to realise our international growth strategy,” says Managing Director Peter Martin of Peter Fraenkel & Partners Ltd.
Joining the two companies is of mutual benefit. Peter Fraenkel becomes part of an international company that can leverage its services through a network of companies and affiliates. At the same time NIRAS strengthens its presence in the UK and adds 20 specialists in marine civil and coastal engineering to its present staff of 60 specialists within these fields.
Peter Fraenkel’s offices in Dorking and Glasgow will supplement NIRAS’ existing offices in Cambridge and Central London.
To the benefit of the customers
“Peter Fraenkel and NIRAS fit perfectly. Together, we will be able to bring more value to our existing customers in UK and we will add a broadened service delivery to the customers in Europe, Middle East, Africa and Asia,” adds Managing Director Peter M. Martin.
Peter Fraenkel and NIRAS already have experience from collaborating on a number of international projects.
“From previous collaboration on assignments in Cyprus, Nigeria and Liberia we know each other very well. There is a good cultural fit between our two organisations. It is of great importance to us that we have a common approach to customers and that the way we utilise the skills of our employees are similar and have proven successful in delivering,” explains Jesper Harder, Business Unit Director at NIRAS A/S
Details about the acquisition
NIRAS A/S has acquired a majority of the shares in Peter Fraenkel & Partners Ltd. The management of Peter Fraenkel & Partners holds the remaining shares and NIRAS A/S has the right to buy those shares at any time after 3 years of operation. Peter Fraenkel & Partners will become NIRAS Fraenkel, part of NIRAS Group A/S, and will work jointly with the Ports and Maritime business unit of NIRAS. The business unit offers civil engineering consultancy within marine, coastal, ports, terminals and off shore installations in Europe, Middle East, Africa and Asia.
NIRAS, August 15, 2013