London firm targets E. Africa projects with buyout

London Stock Exchange listed engineering firm Atkins is seeking a share of East Africa’s major engineering projects with a buyout of Howard Humphreys.

Thursday March 3 2016

London Stock Exchange listed engineering firm

London Stock Exchange listed engineering firm Atkins is seeking a share of East Africa’s major engineering projects with a buyout of Howard Humphreys at an undisclosed amount. 

By OTIATO GUGUYU
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London Stock Exchange listed engineering firm Atkins is seeking a share of East Africa’s major engineering projects with a buyout of Howard Humphreys at an undisclosed amount.

Howard Humphreys whose annual revenue is Sh1.2 billion helped design Garden City, Coca Cola headquarters, the new terminal at Jomo Kenyatta International Airport, Lake Turkana Windpower project among others.

The buyout will offer the global players access to Kenya, Tanzania, South Sudan, Rwanda and Ethiopia markets where the company operates.

Atkins Middle East and Africa CEO Simon Moon said they were hoping to build their Africa’s presence to match the Middle East portfolio of over $300 million in annual turnover.

“Africa is experiencing major investment in transportation, infrastructure and energy, presenting strong demand for world-class multidisciplinary design and consultancy services,” Prof Uwe Krueger, the Atkins Global CEO said in a statement.

Mr Moon said the acquisition will provide a springboard for growth in the African market, while meeting strong client demand for global engineering knowledge and expertise.

The Group have already clinched the National Transportation Plan for Malawi and will be keen on Vision 2030 projects.

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