Japanese firm Nippon Koei has bought out UK’s third largest architecture firm BDP for $145 million, acquiring its entire shareholding, the two firms announced.
Both firms will continue existing and practicing under their respective names, only working together during competitions and when pitching for new projects.
The two firms together aim to become the world’s leading architecture, engineering and design office.
“Although separated geographically, our two firms share common values and have highly complementary strengths in terms of professional offer and sector expertise,” said BDP chief executive John McManus.
“By uniting the two firms, we are creating an organisation which genuinely has the potential to be greater than the sum of its parts.”
Founded in 1961, BDP has completed the Abu Dhabi Cruise Terminal last year, as well as teaming up Nottingham artist Wolfgang Buttress to create the latticed metal pavilion The Hive during the Milan World Expo in 2015.
It is UK’s third largest firm after Foster + Partners and Atkins, with six studios in the UK as well as offices in Ireland, the Netherlands, the Middle East, China and India.
Nippon Koei was founded in 1946 and has over 200 employees.
“As a leading architecture and design firm in the UK, BDP’s participation in the NK group will mark a great turning point in both of our histories,” said Nippon Koei president Ryuichi Arimoto.
“We will join forces on a global basis and provide solutions together to the many urban development problems from both an engineering and an architectural perspective.”