CPMS Becomes Part of French Engineering Group Egis
On 5 February 2021, Collaborative Project Management Services Limited (CPMS) became part of French construction engineering and mobility services group, Egis.
Egis is a €1.22bn turnover worldwide business with a global workforce of 15,800.
In the last few years, Egis has been involved in several projects in the UK and Ireland, including the Dublin Luas tram, the modernisation of the London Underground (tubelines), the extension of Midland Metro network, the upgrade of both the Irish and British rail networks’ signalling systems, consultancy to HS2 and, more recently, the design of the Cambridgeshire Autonomous Metro and the West Yorkshire Area Transport Plan.
Egis acquired a majority shareholding in CPMS’ holding company, CPMS TOPCO, which enables the Group to strengthen its business influence in the UK and expand its operations to include a larger and more diverse portfolio of proven skills, expertise and experience, thus further positioning itself as a key player in the UK rail and infrastructure market.
Mat Baine, Chief Executive Officer of CPMS said “This acquisition brings together two complementary businesses, in terms of professional expertise, ambition and corporate values. Both Egis and CPMS share similar cultures with common views on ED&I, Sustainability and Innovation. We each strive to provide high quality service offerings to our clients and to support the professional and personal growth of our people. This acquisition enables us to strengthen our existing portfolio in the UK. It also creates a platform for our workforce to further develop their careers by accessing worldwide opportunities within the Egis Group.”
Olivier Bouvart, Chief Executive Officer of Business Unit Rail commented “The British market is a strategic and developing market with significant potential and many projects to come, whether in the field of urban or rail transport. This acquisition is a great opportunity to extend our strengths in the UK and Ireland and thus allow Egis to expand in this market. We are delighted to welcome the CPMS employees into our Group and I am convinced that the synergies generated will enable our companies to develop further on the British market and worldwide”.