Morson Group acquires Waldeck
Morson Group has acquired multi-disciplinary engineering, technical and risk management consultancy Waldeck with the full support of the management of both companies.
Under this agreement, Waldeck will become a wholly owned subsidiary within the Morson Group, maintaining its own brand and contracts whilst working alongside other Morson Group companies.
Waldeck will be working intimately 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.
Morson Projects and Waldeck 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. 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, CEO of Morson Group, commented, “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.”
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