Turner & Townsend Kenya is set to merge with Nairobi-based project management firm Mentor Management Limited (MML). It has acquired a majority stake in MML from growth markets investor Actis. The transaction is subject to regulatory approval.
The new entity, MML Turner & Townsend, will operate across the real estate, infrastructure and natural resource industries. The merger comes as global investment is fueling Kenya’s diverse economy. Construction activity, most notably in infrastructure, is being driven by institutional and private investment from overseas.
Major projects have been helping to grow inbound investments in surrounding construction developments, including: the Northern Corridor Transport Improvement Project (NCTIP); the Lamu Port and Lamu Southern Sudan-Ethiopian Transport Corridor (LAPSSET); Lokichar to Lamu pipeline corridor; the new Mombasa-Nairobi Expressway and the Mombasa-Nairobi Standard Gauge Railway Project. LAPSSET in particular will expand port access to Kenya, boost rail construction and include a pipeline for recently discovered oil in the country.
Continued African expansion
Vincent Clancy, Turner & Townsend chairman and CEO, commented: “The merger of our Kenya operation with MML sees MML Turner & Townsend become the largest independent project and programme management company in East Africa. This is the next step in our Africa expansion plan as we continue to grow across the continent.”
MML MD John Rogers said: “Joining Turner & Townsend is a significant step for our employees and clients. Turner & Townsend’s global expertise combined with MML’s local knowledge and reputation, will deliver a unique proposition to clients.”
Turner & Townsend’s existing team will join MML’s Nairobi operation as a combined team of over 40 experts, delivering a range of services including: advisory, programme management, project management and cost management.