Ryder cedes control to HKS
Ryder HKS has announced that its US partner HKS has taken a controlling stake in the firm’s London office, which is responsible for the partnership’s international operation.
HKS has increased its shareholding to 66%, with the firm’s English arm, Newcastle- and Glasgow-based Ryder, dropping back to 33%.
Ryder executive director Mark Thompson said the London operation, which now employs over 60 staff, was a natural hub from which HKS would expand its international work in areas, including India and the Middle East.
The two northern offices will continue to collaborate with London, he added, but will revert to trading as Ryder Architecture, dropping the HKS name.
BD Online
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