Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Aukett to wed Fitzroy Robinson

  • Comment
news

Aukett, Britain's best-known listed practice, is on the brink of merging with major commercial practice Fitzroy Robinson.

The move - which would create a top10 practice in terms of size - would finally bring some stability back to the troubled Aukett Group following a difficult year in which shareholders revolted and share prices dropped.

Only two months ago, Aukett's new chief executive Jose Luis Ripoll admitted the company was 'actively seeking' a merger after shares tumbled to just 2.75p.

But the Spaniard was quick to quash rumours that the group was eyeing up London-based RHWL and maintained they were still hunting for their dream 'girlfriend'(AJ 30.9.04).

It now seems Ripoll has found his perfect bedmate in Fitzroy Robinson and on Tuesday afternoon the Aukett Group asked the Financial Services Authority to suspend the company's shares to allow the parties to discuss a reverse takeover.

Earlier in the day a spokesman for Fitzroy Robinson had acknowledged that the practice was already in merger talks with another 'highly respected architectural consultancy'.

'Discussions are at an early stage but Fitzroy Robinson has, for some time, been looking to see where they can expand their business, ' he said.

If successful, the deal will be the second major merger for Fitzroy Robinson in less than a year, and follows hot on the heels of its recent takeover of Moscow-based Mikhail Mandrigin Associates (MMA).

With a combined workforce of more than 115, the new business group would become the seventh largest architectural practice in the UK.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.