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Frenger International advises Synergie on the acquisition of Cavallo in Germany

Frenger International has advised Systra, the world leader for public transport infrastructure, on the acquisition of the British company JMP Consultants Ltd.

Founded in 1964, JMP is one of the UK-based leading transport consultancies, specialising in transport planning and engineering with a national network of 10 offices. In 2014, JMP generated sales of £12 million and employs 186 experts in transport planning, traffic and highway engineering, infrastructure other engineering areas. The company has recently worked on major projects including a number of rapid transit projects such as rail links between Heathrow airport and Reading, Waterloo and the South Rail network, developing the East Coast mainline strategic business case, and developing urban transport in the West Midlands.

This acquisition is the first transaction carried out by Frenger International on behalf of Systra Group, represented in the United Kingdom by Systra Ltd. It is the result of a screening of 2,000 potential acquisition targets in the UK corresponding to criteria defined by Systra. Our unique methods offered Systra the choice of cherry-picking from several “off target” potential targets.

Tim O’Neill, CEO of Systra UK mentioned: “Frenger’s detailed and thorough work allowed us to uncover rare opportunities. We especially appreciated the dedication of Jean-Noel and his team throughout this entire process; this successful first acquisition will surely be the beginning of a long and fruitful collaboration between Systra and Frenger.”

This acquisition strengthens Systra’s position in the UK market, by consolidating its consultancy services and extending its portfolio of clients and partners and is part of Systra’s 2018 growth plan. The United Kingdom is a key country for the Group development. The country’s economic growth and increasing demand for mass transit, combined with the UK’s significant Rail modernization program, make it a high-potential market for urban and railway transport. With the acquisition of JMP, SYSTRA has attained a critical size in the United Kingdom, and secured its position in the transport planning and engineering market.

Systra is the world leader for public transport infrastructure. This subsidiary of RATP and SNCF has worked in the Mass Transit and Rail market since 1957. The Group’s ambition is to serve the new needs for collective, sustainable mobility, all over the world. With a revenue of 527 million Euros in 2014, the company employs more than 5,000 people worldwide.

Frenger International Ltd is a Mergers & Acquisitions boutique specialized in the initiation and management of cross-border acquisitions in European. Based in London since 1983, Frenger International has completed more than 60 transactions on behalf of French and British acquirers across many sectors. The acquisition of JMP is the 7th M&A transaction advised by Frenger in 2015.

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