Deal sees £5m turnover Axiom snapped up by £235m rival
Property management specialist Bellrock has bought Scottish property and construction consultant Axiom for an undisclosed sum.
The £5m turnover Axiom was set up in Edinburgh in 2009 and also has offices in Glasgow, Manchester and London employing a total of 38 staff.
According to its website, Axiom delivers project management and cost consultancy services to private sector clients across leisure, residential and industrial developments.
The deal, which was completed last week, will see Axiom continue to be led by managing director Gary Logue, who previously worked for Arcadis before arriving at Axiom in 2011.
Axiom said its business will sit within Bellrock’s 400-strong consulting division headed by Dan Weiss.
Weiss said: “This move supports Bellrock’s strategic goal to deliver multidisciplinary, integrated, insight-led consultancy across the full property lifecycle.”
Bellrock, which was set up in 2003, has a turnover of £235m and is headquartered in London with 11 offices across the UK, employing close to 1,700 people.
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