Systra acquires engineering subsidiary of British Steel
France-based technology company Systra has acquired TSP Projects, the multi-discipline design and engineering subsidiary of British Steel. The deal allows the French giant to double its presence in the United Kingdom.
Since 30 August TSP Projects has become a wholly-owned subsidiary of Systra. The British company will remain its brand but it will work in a partnership with the Systra’s division in the UK. The investment doubled the British team of Systra from 400 to 800 people and increased the number of offices from 13 to 18.
With the help of the new subsidiary, Systra intends to become the leading supplier of transport solutions in the UK. TSP Projects’ expertise in civil engineering, electrification and track will expand and complement Systra’s UK rail engineering services. At the same time, Systra will support the activities of TSP Projects in other sectors. “This is a good fit between two like-minded companies with a shared commitment to excellence, safety and innovation,” said Pascal Mercier, CEO of Systra.
TSP Projects provides technical solutions in five sectors: rail, energy, security, aviation, construction. For rails, the company’s experts are delivering a wide range of design, engineering and consultancy services for more than 20 years. Among its clients are Network Rail, Transport for London, contractors and other service providers. TSP Projects has completed several major flagship projects in Kings Cross Station Redevelopment, East of Leeds Trans-Pennine Route Improvement, Oxford Corridor Capacity Improvements and Great Western Route Modernisation. The company employs over 400 highly experienced designers, engineers, architects, planners and project managers. TSP Projects has five offices across the UK: in York, Manchester, Birmingham, Reading and Bristol.