French engineering and consulting group Systra has acquired British multidisciplinary engineering firm TSP Projects, which has a considerable presence in the rail sector.

Financial terms of the deal have not been disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Founded in 1987, TSP Projects is a subsidiary of British Steel, which was placed into compulsory liquidation in May.

The acquisition of TSP Projects by Systra is expected to save more than 400 jobs.

The deal is part of the French firm’s strategy to position its British arm as a major player in the local mass transit, mobility and complex infrastructures markets.

Systra CEO Pascal Mercier said: “This acquisition is a game-changer for our UK and Ireland business, placing us among the leading UK consulting engineering firms.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This is a good fit between two like-minded companies with a shared commitment to excellence, safety and innovation.”

TSP Projects CEO Craig Scott said: “This is a great opportunity for TSP Projects staff, clients and partners. Systra is a like-minded organisation with similar values and a focus on technical excellence.

“Systra ownership will bring with it all the benefits of a global engineering business, including access to high calibre technical expertise to complement and enhance TSP Projects.”

In June, Systra secured a contract to design rail systems, workshops and rolling stock for Line 7 of the Santiago Metro in Chile. The contract was awarded by Metro SA.

Furthermore, Systra, in a joint venture (JV) with Talgo, secured a $138.9m rail car overhauling contract in the US last month.

Awarded by the Southern California Regional Rail Authority (SCRRA), the contract will include rebuilding up to 121 passenger rail cars.