Firm to be merged into consultant鈥檚 cost management team in the capital
Turner & Townsend (T&T) has taken over London firm Alinea in a deal which will see the latter鈥檚 110-strong staff merged into the larger consultant鈥檚 cost management team in the capital.
The combined team will from today operate under the name Turner & Townsend Alinea. It is aiming to be the leading data-led cost consultancy in the capital.
It will be led by Alinea鈥檚 Iain Parker, who co-founded the 拢16m-turnover cost consultancy, which has become well known for its role on some of London鈥檚 tallest buildings, including 22 Bishopsgate.
Patricia Moore, UK managing director at T&T, said the two firms shared an ambition to 鈥渢ransform performance in the construction sector鈥� through data through data-led digital cost consultancy.
>> Also read: Why Alinea turned its back on independence and signed up with T&T
鈥淲ith such a strong strategic and cultural fit between our two companies, we are primed to establish a new disruptive force in cost management,鈥� she said.
Parker added: 鈥淲hen we founded Alinea 10 years ago we said that we wanted to raise the standard of cost consultancy and disrupt the market through a strong focus and personal service.
鈥淭hat rings truer than ever today as we embark on a new era with Turner & Townsend. Our London businesses are a compelling strategic fit, with a shared focus and commitment to investing in our people and our service offering.鈥�
Alinea was founded by six former partners of EC Harris and Davis Langdon in 2013 following the latter鈥檚 takeover by Aecom.
The acquisition of Alinea comes less than two years after T&T鈥檚 own acquisition by CBRE, the world鈥檚 largest real estate services firm.
Last month, T&T鈥檚 latest accounts revealed that it had paid a total of 拢18.9m in bonus awards to employees of the business, in recognition of length of service.
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