Waldeck announces future plans through acquisition by Morson GroupNovember 14, 2018 10:06 am
We are pleased to announce the acquisition of Waldeck by the Morson Group, with the full support of the management teams of both companies.
Morson Group has a global presence across all engineering markets including Rail, Aerospace & Defence, Energy/Power, Infrastructure & Built Environment, IT and Oil & Gas, and is the UK’s leading technical recruiter. Morson has over 50 offices worldwide and is headquartered in Manchester, pay rolling over 14,500 individuals daily.
Under this agreement Waldeck will become a wholly owned subsidiary within the Morson Group maintaining its own brand and contracts whilst working alongside other Morson Group companies.
Waldeck will be working intimately alongside Morson Projects, an existing subsidiary of Morson Group, which is a multi-disciplined management, engineering and design company who specialise in delivering services and solutions to clients across a variety of heavy industrial sectors. They have teams operating in areas such as Power and Automation Control Engineering, Mechanical, Civil and Aerospace Engineering, through to Asset Care and Technical Services.
Morson Projects and Waldeck, together, will have a workforce of circa 800 professional staff, and a turnover of over £50 million per year.
Waldeck’s Founder, Paul Waldeck said: “Having founded Waldeck over 20 years ago, it was imperative for me to find a partner whose values and cultures matched our own. This is an exceptionally exciting time for everyone at Waldeck and our team is looking forward to joining the Morson Group.”
“This acquisition places Waldeck in a strong position to offer clients an even wider breadth of expertise, capabilities and services. There are many market and sector synergies between the two businesses, and we now have the scale and geographic coverage to deliver our strategic objectives within the UK and internationally.
“Like Waldeck, Morson Group is a privately owned, family run business which has many similarities and cultural attributes which align with our business. Together, we become part of a larger organisation that will open the door to new opportunities for further growth and development, enabling the business divisions to succeed and achieve their goals.”
Ged Mason, CEO of Morson Group, commented: “We are delighted that the team at Waldeck are joining the Morson family and look forward to a prosperous and exciting future together.
“Waldeck has a strong brand and reputation within the UK, and specialist expertise in the Engineering, Technologies, Construction and Property markets. The addition of Waldeck to our portfolio means we are well placed to service the future growth expected in these sectors while consolidating our market leading position.”