SCD Advisory acted as sell-side adviser to LogiKal on their sale to Assystem

International engineering, digital services and project management company Assystem has acquired 100% of shares in leading project management and controls group LogiKal, which operates in UK and Asia-Pacific markets and generates annual revenue of ca. £15m (of which 65% is in the UK). This move aims to significantly strengthen Assystem’s project management services offer by bringing over 100 skilled project management professionals into the Assystem Group.

Assystem provides a comprehensive project management office (PMO) service underpinned by cutting-edge digital solutions. Similarly, LogiKal leverages its digital capabilities and innovative tools to implement world-class integrated controls for projects. The combination of these two strengths will contribute to an enhanced offer to UK and international major infrastructure projects, where both companies have a footprint in key programmes such as the UK’s high speed rail route (HS2), Lower Thames Crossing and National Grid. Internationally, LogiKal also brings experience from major projects including the Mass Transit Railway (MTR) in Hong Kong and the Sydney Metro.

By joining the Assystem Group, LogiKal will be able to tap into complementary service offers, which include commercial management, environmental, consents and engagement services, and enjoy the potential to access international markets across Assystem’s 10 existing countries of operation.

LogiKal will also gain greater access to the UK’s key low-carbon energy projects, including nuclear, fusion, renewables and hydrogen infrastructure, affording its staff the opportunity to join Assystem’s Switcher community, and play a bigger role in supporting the global energy transition, which is the focal point of Assystem’s Switch On initiative. Assystem is fully committed to tackling climate change and is active in driving the switch to a net-zero economy through the delivery of low-carbon energy and infrastructure projects.

Christian Jeanneau, Assystem’s Senior Vice-President – Digital said: “Assystem’s ambition is to accelerate the convergence of engineering and project management through digital. By bringing LogiKal into the Assystem corporate family we are taking a step further towards achieving this.”

Simon Barber, Assystem’s UK Managing Director said: “We are delighted to welcome LogiKal into the Assystem family and to be strengthening our comprehensive Project Management Office and wider digital services with a community of experts who are passionate about supporting the delivery of the low-carbon projects that are key to Britain’s energy transition.”

Bryn Lockett, LogiKal’s CEO said: “Joining Assystem on its mission to support the drive to net zero will provide many opportunities to get involved in a range of exciting energy projects in the UK and around the world, as well as enhancing our well-established offer to the rail and infrastructure sectors. We are elated to be joining the Group’s Switcher community to support global efforts to address climate change.”

Regarding SCD Advisory’s role, Bryn Lockett (CEO of LogiKal) commented:

I am grateful to Pierre and the SCD team, for their specific sectorial expertise and their invaluable experience in executing a deal across 3 geographies (UK, Australia and HK). As we celebrate 20 years of LogiKal, we are excited for the future ahead as part of Assystem, which will offer great opportunities for our clients and staff!

Pierre Briand (Founder of SCD Advisory) added:

We were pleased to support LogiKal as their exclusive M&A advisor in this complex transaction, which is another crossborder deal in the PMO sector for SCD. We wish Bryn and his team great success with the shared journey ahead as part the French public listed group Assystem, especially in their joint deployment in the UK.

At SCD Advisory, we offer a range of services from deal preparation to transaction execution. Contact us at info@scdadvisory.com to find out more.