WHIreland acts for CTI Engineering Co., Ltd on successful recommended cash offer for Waterman Group plc

cti engineering

WHIreland is delighted to have acted for CTI Engineering Co., Ltd (CTI), the Tokyo listed engineering consultancy on its successful recommended cash offer for London listed Waterman Group plc. The acquisition fits with CTI’s strategy to build organically through acquisitions, and through developing overseas markets to expand its private sector client base.

The acquisition gives CTI a significant presence in the UK, which is one of the world’s leading centres for consulting engineering services.

James Joyce, WHIreland Corporate Finance Director said:

“It was a pleasure to work with CTI on its transformational deal to acquire Waterman. This was CTI’s first significant overseas deal and marks a significant step in its ten year strategic plan to diversify from its reliance on national and local government contracts in Japan.”