Swedish technical consultancy Tyréns has completed its second strategic investment in the UK engineering market by acquiring a stake in Hilson Moran, which was previously backed by private equity investor Albion Capital. Hilson Moran’s management team will remain as shareholders and the company will continue to operate under its existing brand name.
Hilson Moran is one of the foremost engineering services companies with offices across the UK and in the Middle East, providing building services, sustainability, vertical transportation, acoustics, security, smart buildings, fire engineering and facilities management expertise to clients in all sectors of the property industry.
Best known for its work on iconic buildings such as the Gherkin (30 St Mary Axe) and the Walkie Talkie (20 Fenchurch Street) in the UK, Hilson Moran also has a diverse workload overseas including the design of sports stadia for the 2022 World Cup in Qatar. The company employs more than 250 staff across its six offices in UK and the Middle East, generating revenue of around £24m in 2016.
Tyréns is a leading multi-disciplinary technical consultancy founded in Sweden in 1942. Under the ultimate ownership of the private Sven Tyréns trust, the business is committed to research and development within the urban and redevelopment sectors working closely with universities and other research institutes. Tyréns employs 1,900 people globally, generating total turnover of around €191 million.
Tyréns’ last strategic investment in the UK was made in 2011, when it supported structural engineering specialists AKT II on the buy-out from WYG plc.
Hilson Moran, AKT II and Tyréns will continue to operate under their existing brands but also join forces where appropriate to provide teams and solutions for the UK and global market.