Sale of troubled architect confirmed
Scottish based architect RMJM has bought troubled design firm YRM.
RMJM has confirmed it has purchased the 65-year old firm, which shut its overseas offices in Bucharest and Vienna earlier this year. YRM’s chief executive John Clemow said he approached the firm about a sale in order to provide the “capacity, capability and reach our clients in the UK, EU and EMEA increasingly require.”
YRM is the architect for EDF of the proposed new nuclear power station at Hinkley Point, and has 850 projects in 37 countries in total. According to Building magazine’s sister publication Building Design, just six of YRM’s 25 staff will move over to the architect under the deal.
RMJM chief executive Peter Morrison said: “YRM’s position in energy and technology-related projects and our combined experience across a wide range of sectors significantly strengthens RMJM’s offer in the global marketplace.”