Egis, a leading construction engineering group, has fully acquired the Middle East business of U+A in bid to strengthen its design, architectural and design, build and operation capabilities.
U+A is an innovative, multidisciplinary design practice that brings expertise in various disciplines, from architecture and interior design to master planning, landscape design, and construction
It has offices in Abu Dhabi, Dubai, Riyadh, London and Montreal and has projects all across the Middle East.
Egis said this strategic move will help accelerate its strategic ambition of delivering end-to-end, integrated solutions to design, build, operate and maintain assets for their clients as well as providing an all-encompassing, integrated solutions.
"We are excited to announce this strategically compelling partnership, bringing U+A’s innovative architects and designers as well as their portfolio of award-winning projects to the Egis group," remarked Egis Middle East CEO Alaa AbuSiam.
"Combining the capabilities of U+A and Egis in the Middle East will allow us to leverage our collective knowhow and provide a broader range of complementary services to our clients. U+A’s vision and business values are well aligned with Egis’ Impact The Future vision in delivering impactful, responsible projects to the communities around us," he noted.
U+A is being added to Egis’ vast portfolio of design and architecture firms across the world and will strengthen their position as a leader in architectural design, said AbuSam.
With this acquisition, the Egis Middle East team is expected to grow to more than 2,500 employees.
The transaction is subject to regulatory approvals and is expected to close towards early 2023, he added.
U+A was founded in 2006 by Pedram Rad and Martin Dufresne as founding partners and has worked on notable projects as lead consultant in multiple sectors including hospitality, education, entertainment, mixed-use, commercial and residential developments.
"Combining U+A's team of architects, interior designers, landscape and construction supervision with Egis and its architectural arm - 10 Design, SB Architects, Weston Williamson + Partners - will create a powerful, world-class creative team capable of designing all types of projects across the Mena region," remarked Pedram Rad, Partner of U+A.
"Together we can cater to our regional clients with an international design set up and local expertise. We are strengthening our regional presence and long term commitment to the Mena region," noted Rad.
U+A Management and the founding partners, will remain in the business to help drive future growth, he added.
Egis’ Director of Architecture David Pringle said: "We are delighted to welcome U+ A to the Architecture line within Egis. U+A’s team of dynamic and ambitious people are a significant presence in Middle East."
"Their regional success in the delivery of complex and award winning projects and collaborative approach to design is an incredible complement to the developing Architecture Line in Egis; 10 Design in Hong Kong, Weston Williamson in London and SB Architects in San Francisco," he added.-TradeArabia News Service