French engineering firm had been looking for a partner in Asia
Egis, the French engineering firm and consultancy, has taken a majority stake in Hong Kong-based architect 10 Design.
In a joint statement, the two companies said the “complementary geographic footprints and design skills of each firm provide an incredible platform for multi-skill collaboration”.
Egis said it approached 10 Design with a view to it becoming a strategic partner in Asia, and further opportunities were subsequently thrashed out between the two businesses.
The architect has worked on a number of projects in China, including Zhuhai Huafa Plaza (pictured) in the city of Zhuhai, as well as schemes in the Middle East, including the Jefaira Seafront masterplan in Egypt.
10 Design’s leadership is to remain in situ, while the firm’s managing partner David Pringle said the tie-up with Egis would enable to fulfil its goal of working in Europe.
Egis, which employs nearly 14,000 worldwide, posted turnover of €1.02bn (£906m) in 2016, up 9.3% year-on-year, while EBITDA rose to €73.1m (£65m) last year, up from €68.5m (£61m) in 2015.