The AIM-listed Driver Group have bought out major rivals Trett consulting for £3 million. Trett specialise in contractual advice and dispute resolution and are based in London, Coventry and Altrincham with its head office in Leeds. They also have offices across the world in places such as Holland, Abu Dhabi, Dubai, Kuala Lumpur, Singapore and Texas. They have 75 staff members who will move to Driver as part of the deal.
Trett have been going since 1977 when they were founded by Roger Trett. They were then bought out by the Dutch engineering consultants, Grontmij, in 2008. This move will expand Driver’s world presence and also lead it into different sectors like nuclear engineering, ship-building and petrochemicals. Driver is a dispute resolution and project services firm specializing in the construction and engineering sectors
They will now employ 230 people with the 75 from Trett. Their head office is in Haslingden, Rossendale and they work in the Middle East and Africa. Chief executive of Driver, Dave Webster, said the acquisition of Trett fits perfectly with Driver’s plans of expansion. Trett will bring with them £2.3 million of assets and £650,000 in cash. They had a turnover of £14 million in 2011 with pre-tax profits of £100,000.
Webster also said that Trett has a great reputation and a high quality, experienced team of staff and will give the Driver Group access to a whole new range of markets and much more global penetration. He said that Trett do not currently provide project services and that the combination of the expertise that the two firms can offer will give a well-placed platform across the world for the full range of services and a wider sector and client base.