Styles&Wood has acquired specialist industry consultancy GDM Group for £4 million.

The fit-out contractor said purchasing the mechanical, electrical and environmental consultancy reinforces its growth plans and increases its skills/expertise in the sector.

Kent-based GDM currently employs over 50 staff and specialises in delivering engineering and project management services and solutions. As part of the deal, GDM staff will remain employed by GDM which will be positioned within the wider Styles&Wood Group.

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Styles&Wood Chief Executive, Tony Lenehan, said: "We are delighted to announce the acquisition of GDM. There is a clear trend in the market towards multidisciplinary service provision for blue-chip clients, and this acquisition builds upon the strength of both businesses, as experts in project delivery in live environments.

"The acquisition of GDM further reinforces our strategic vision and will enable us to widen our service offering to both existing and new customers, and create new sustainable business opportunities for the Group as a whole."

(LM/MH)