To become an important player on the UK rail sector, Egis has completed the acquisition of majority shareholding in CPMS TOPCO and its operational arm, Collaborative Project Management Services Limited (CPMS).
“The British market is a strategic and developing market with significant potential and many projects to come, whether in the field of urban or rail transport. This acquisition is a great opportunity to extend our strengths in the UK and Ireland and thus allow Egis to expand in this market. We are delighted to welcome the CPMS employees into our Group and I am convinced that the synergies generated will enable our companies to develop further on the British market and worldwide,” Olivier Bouvart, Chief Executive Officer of Business Unit Rail said.
The acquisition of CPMS enables Egis to strengthen its business influence in the UK and expand its operations to include a larger and more diverse portfolio of proven skills, expertise and experience, thus further positioning itself as a key player within several industries.
Nash & Co originated the transaction and provided financial advice to Egis.
CPMS has a turnover in excess of GBP 8 million (EUR 9.17 million) and employs over 70 specialised staff and, in the last 8 years, has worked to support over GBP 1 billion (EUR 1.14 billion) of investment in the UK rail sector. CPMS was backed by investment management firm, YFM Equity Partners, from 2018 until the date of the acquisition.
In the last 8 years, CPMS developed into CPMS Group, CPMS Consulting and CPMS Infrastructure growing into a multi discipline business offering professional services. The company was established in 2012 as a specialist business in project management of overhead line projects but has since grown into a multi-disciplinary business offering professional services in enterprise asset management, commercial, programme and project management, engineering and construction, design, project controls and governance, safety, assurance, sustainability and environment.