Quoted architect SMC has bought Ian Penrose Architects and Covell Matthews, taking its number of acquisitions to six.
Covell Matthews will increase SMC's presence in the east of England, East Anglia and the Home Counties. In the financial year to 30 April 2005, Covell made a £500,000 profit on a £1.8m turnover. Its clients include Amec and Cambridge University. SMC paid £4m for the two businesses.
Recently SMC was appointed by Land Securities Trillium to work on its bid for Leeds council's £250m Building Schools for the Future project.