VVA Joins Drees & Sommer as US Expansion
Deal News | Feb 11, 2025 | EIN
German company Drees & Sommer has entered the US market by acquiring VVA Project & Cost Managers. While publicly framed as a merger, the deal effectively makes VVA a part of Drees & Sommer. This move aligns with Drees & Sommer's strategy for international expansion, enhancing its global footprint. Both firms share a common philosophy centred around project management excellence and customer service. Drees & Sommer's executive leadership highlights the acquisition's potential to unlock new growth opportunities, while VVA's leadership forum emphasizes the added resources and expanded capabilities that this partnership provides. This acquisition follows Drees & Sommer's earlier expansion activities, such as the acquisition of AA Projects in the UK, showcasing their ambition to broaden their international presence.
Sectors
- Project Management
- Construction & Real Estate Services
Geography
- United States – Drees & Sommer's acquisition of VVA marks its entry into the US market, where VVA operates across 11 offices.
- Germany – Drees & Sommer is based in Germany and is expanding its operations internationally, including its new acquisition in the US.
- United Kingdom – Drees & Sommer previously expanded in the UK through their acquisition of AA Projects, highlighting their broader international growth strategy.
Industry
- Project Management – This sector is directly relevant as the article discusses Drees & Sommer's and VVA's expertise and activities in project and cost management.
- Construction & Real Estate Services – The acquisition involves companies that provide services aligned with construction and real estate, focusing on project and cost management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Drees & Sommer | Bidding Company | Company | A German company specializing in project management and consulting services with a global presence. |
| VVA Project & Cost Managers | Target Company | Company | A US-based firm recognized for its expertise in project and cost management, now part of Drees & Sommer. |
| Steffen Szeidl | CEO of Drees & Sommer | Person | Chief executive of Drees & Sommer, leading the company’s strategic expansion into the US market. |
| Lorenzo Vascotto | Founding Partner of VVA | Person | Founding partner at VVA, involved in transitioning the firm under the Drees & Sommer banner. |
| Kenneth Wood | Managing Director of Drees & Sommer UK | Person | Managing director responsible for leading Drees & Sommer's operations in the UK and part of the broader expansion strategy. |