Bovis Lend Lease acquires Project Consultants Incorporated

Citation

(2000), "Bovis Lend Lease acquires Project Consultants Incorporated", Microelectronics International, Vol. 17 No. 3. https://doi.org/10.1108/mi.2000.21817cab.023

Bovis Lend Lease acquires Project Consultants Incorporated

Bovis Lend Lease acquires Project Consultants Incorporated

Keywords Bovis Lend Lease, Mergers and acquisitions

The Lend Lease Group announced today that its subsidiary, Bovis Lend Lease has acquired 100 per cent of the outstanding shares of Project Consultants Incorporated for approximately $10 million.

Project Consultants Incorporated based in Santa Clara, California provides design, project and construction management, and tool hook-up services to the microelectronics industry. The group employs 80 and has been in operation for more than ten years.

The merged businesses will combine the resources of both groups into a business unit focused on the microelectronics industry and in particular the design and construction of semiconductor manufacturing facilities.

On announcing the acquisition Ross Johnston, group director of Global Markets, said, "This acquisition expands our global reach in providing high level consultancy services to the microelectronics market. We embarked on this strategic market focus some 18 months ago with the acquisition of Crystal Group, a Netherlands-based international consulting organization with extensive expertise in the complete turnkey design and construction of production facilities for semiconductors and optoelectronic devices. Since that time we have established a clear market position as providing cost-effective facility solutions with turnkey responsibility".

Project Consultants Incorporated, located in the heart of Silicon Valley, now provides a significant presence in the western US semiconductor market. The business is poised to benefit from the significant upswing in activity and will be the launching pad for further expansion of our geographic and service offering to core customers.