The boards of BDP Holdings and Nippon Koei announced today (3 March) that the Japanese engineering firm had acquired the entire shareholdings of BDP.
Both companies will retain their existing operations and their own brand identity, but they will collaborate to deliver "integrated design integrated design solutions across international markets".
BDP is a UK-based international practice of architects, designers and engineers with six UK studios as well as offices in Ireland, the Netherlands, the Middle East, China and India. The firm employs 950 people and had a turnover of over £81m in 2015.
Originally established in 1946 as Japan’s first independent engineering consultancy, Nippon Koei’s offers a range of services to both Japanese and international clients. In coming together with BDP, the company would like to expand its current international offer in the rapidly expanding Asian commercial markets. Nippon Koei employs around 3,200 people and had a turnover of £430 million in 2015. The company has been listed on the First Section of the Tokyo Stock Exchange since 1954.
The two companies have a vision to be "the world’s leading integrated architecture, design and engineering firm delivering world class design solutions which enhance the communities they serve".
BDP chief executive John McManus said: "The alliance with Nippon Koei heralds an exciting new era in BDP’s evolution. Although separated geographically, our two firms share common values and have highly complementary strengths in terms of professional offer and sector expertise.
"By uniting the two firms, we are creating an organisation which genuinely has the potential to be greater than the sum of its parts. We believe that this strategic international alignment will deliver huge benefits to our clients and will offer exceptional prospects for our people to develop both professionally and personally."
Ryuichi Arimoto, president of Nippon Koei, said: "As a leading architecture and design firm in the UK, BDP’s participation in the NK group will mark a great turning point in both of our histories. We will join forces on a global basis and provide solutions together to the many urban development problems from both an engineering and an architectural perspective."