Consultant Systra saves nearly 400 jobs at TSP Projects

Aaron Morby 5 years ago
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French transport infrastructure consultant Systra has rescued British Steel’s multi-disciplinary engineering consultant TSP Projects from the receivers.

The deal will save up to 400 jobs and double Systra’s size in the UK, cementing its position as a major force in engineering and consultancy for mass transit, mobility and complex infrastructure.

Pascal Mercier, Systra CEO said: “This acquisition is a game-changer for our UK & Ireland business, placing us among the leading UK consulting engineering firms.

“This is a good fit between two like-minded companies with a shared commitment to excellence, safety and innovation.” 

He added that the combined UK & Ireland team of more than 800 staff in 13 office locations will be able to export homegrown skills to clients across Systra’s global operations in 80 countries. 

TSP Projects generated pre-tax profit of £1.4m last year from £34m revenue generated mainly from the rail sector. Systra will also take on the pension liabilities of TSP Projects.

Systra said it was committed to driving TSP Projects’ expansion in sectors outside transportation, including energy from waste, modular construction and security. 

Craig Scott, TSP Projects CEO added: “This is a great opportunity for TSP Projects staff, clients and partners.

“Systra is a like-minded organisation with similar values and a focus on technical excellence.” 

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