Spanish engineering consultant Ayesa expands into the UK market with the acquisition of ByrneLooby, Building News can reveal.
Ayesa bought the business for an undisclosed sum to gain better market access from ByrneLooby, including the UK. He cited the £650bn national infrastructure pipeline as presenting significant opportunities for future work.
Ayesa said ByrneLooby would add around €24m (£20m) to its annual turnover of around €260m (£217m).
ByrneLooby was founded in 1998 and is headquartered in Dublin, employing 226 people, around half of whom are based in the UK. It provides engineering and design services for marine and coastal projects, buildings, infrastructure and water and waste management, working in the UK, Ireland and the Middle East. In the UK, he worked on Crossrail, 22 Bishopsgate, The Shard and the expansion of Fulham Football Club’s Craven Cottage stadium, among other works.
Ayesa’s Managing Director, José Luis Manzanares Abásolo (pictured, left), said: “Going forward, Ayesa’s strong international scale and the sophisticated resources and infrastructure that underpin our business in each market will enable ByrneLooby to grow at an accelerated rate, realizing the full potential of the ByrneLooby business and its team of industry-renowned professionals.
ByrneLooby chief executive John Byrne (pictured, right) said the company’s aim was to “generate significant growth” for Ayesa. It intends to double the size of its UK workforce.
The acquisition follows an investment in Ayesa by private equity firm A&M Capital Europe last October. He has set himself the target of doubling the Spanish engineering company’s turnover to 500m euros (£417m) over the next five years. The group has been present in the UK since 2013.