Engineering and environmental consultancy Hilson Moran has become independent following a management buyout.
The deal with Altran UK Limited returns the ownership of the company to the directors of the business, having been acquired by the subsidiary of the Paris-based Altran Technologies S.A in 2002. It has been funded with the assistance of Albion Ventures, a major private equity business.
The firm achieved a growth in turnover of more than 20 per cent last year and employs more than 200 staff.
Managing director of Hilson Moran, Chris Plummer, said: “Hilson Moran is a 35-year old business with a strong identity and successful track record. Renewed independence gives us the agility and autonomy to respond quickly to a changing market and clients’ evolving needs.
“We are focused on continuing to provide long-term support to clients in the UK and internationally, in our core markets of offices, retail, leisure, hotels, residential and data centres. In addition to building design, growth is also being achieved in the areas of masterplanning and infrastructure design. Whatever the commission, it is our aim to deliver the best possible service and develop creative, optimum engineering solutions.”
Plummer added: “Supported by a dedicated and highly experienced management team, we are in a strong position despite the difficult market conditions. We will embrace the challenges ahead, seek to drive best practice and innovation in the industry and continue to be a successful firm with the support of our many loyal clients.”