The deal will see both companies operate under the 'MaceYMR' brand, combining UK-based Mace's expertise with YMR's local knowledge and reputation to offer a unique project management and integrated service offering across all of East Africa.
The acquisition is the second purchase that Mace has made in Africa in the last twelve months, having already purchased a stake in South African quantity surveying firm, MMQS, in 2016.
Jason Millett, Mace's Chief Operating Officer for Consultancy, said: "The acquisition of this stake of YMR is the next step forward in Mace's strategic regional expansion plans.
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"By combining YMR's excellent local knowledge and Mace's global scale, resource and expertise, we can transform our service offering in East Africa. We'll be able to offer existing and potential clients a one-stop shop for high quality construction consultancy services.
"Following this purchase and our recent acquisition of MMQS in South Africa, we will continue to explore the potential to expand our offering across our global hubs through the strategic acquisition of niche consultancy firms with reputations for high quality services in order to strengthen our market position and provide an augmented offer to clients."
Simon Herd, Managing Director for East Africa at MaceYMR, added: "This is the natural next step for YMR and will open up a huge range of opportunities for growth – for our existing clients, our business and all of the team here.
"We will be able to provide our existing clients a suite of new services delivered by Mace, as well as offering new customers a strengthened proposition that can't be matched by anyone else in East Africa."
(LM/MH)
