Salford-based Morson Group acquires risk management specialist
Salford-based recruitment group and design consultancy, Morson, has acquired multi-disciplinary engineering, technical and risk management consultancy Waldeck, for an undisclosed sum.
Under this agreement Peterborough-based Waldeck will become a wholly-owned subsidiary, maintaining its own brand and contracts while working alongside other Morson Group companies.
Morson has a global presence across all engineering markets including rail, aerospace & defence, energy/power, infrastructure and built environment, IT and oil and gas, and is the UK’s leading technical recruiter.
Morson has more than 50 offices worldwide and is headquartered in Manchester, pay rolling more than 14,500 individuals daily.
Waldeck will be working alongside Morson Projects, an existing subsidiary of Morson Group, which provides cost-effective, multi-disciplined engineered solutions, project management, analysis, design and cyber-secure software services to clients across a variety of industrial sectors.
Services range from complete ‘turnkey’ project management through to detailed design exercises.
Clients have the opportunity to outsource complete engineering packages to Morson Projects.
The two firms together will have a workforce of around 800 professional staff, and a turnover in excess of £50m per year.
Waldeck’s founder, Paul Waldeck, said: “Having founded Waldeck over 20 years ago it was imperative for me to find a partner whose values and cultures matched our own.
“This is an exceptionally exciting time for everyone at Waldeck and our team is looking forward to joining the Morson Group.
“This acquisition places Waldeck in a strong position to offer clients an even wider breadth of expertise, capabilities and services.”
He added: “There are many market and sector synergies between the two businesses, and we now have the scale and geographic coverage to deliver our strategic objectives within the UK and internationally.
“Like Waldeck, Morson Group is a privately-owned, family-run business which has many similarities and cultural attributes which align with our business.
“Together, we become part of a larger organisation that will open the door to new opportunities for further growth and development, enabling the business divisions to succeed and achieve their goals.”
Ged Mason, chief executive of Morson Group, said: “We are delighted that the team at Waldeck are joining the Morson family and look forward to a prosperous and exciting future together.
“Waldeck has a strong brand and reputation within the UK, and specialist expertise in the engineering, technologies, construction and property markets.
“The addition of Waldeck to our portfolio means we are well placed to service the future growth expected in these sectors while consolidating our market leading position.”