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Acquisition marks beginning of further growth ambitions

09 August 2016

Pell Frischmann has announced the purchase of engineering firm Desco for an undisclosed sum as the first of its acquisitions to facilitate further growth.

It has stated that it intends to create a group of "market-leading engineering consultancy firms".

Desco is now a wholly owned subsidiary of Pell Frischmann, which is owned by the German RAG Stiftung (Foundation) Investment Company.

Pell Frischmann chief executive Tushar Prabhu described Desco as a "fast growing and innovative specialist in MEP engineering" which provided a good fit with his company's "culture and ambition".

Desco managing director Paul Marshall said it was "a new and exciting phase for Desco as we accelerate our growth strategy with the backing of a major international investor".

His company has offices in Sunderland, London, Croydon, Leeds, Qatar and Manila.

The company's existing management board and structures will remain in place, the statement said.

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