Dar Group acquires majority stake in Su-Yapı
Turkey-based Su-Yapı will continue to operate under its own brand while leveraging the resources of the Dar Group
The acquisition of a majority stake in Turkey-based Su-Yapı Engineering & Consulting (Su-Yapı) has been announced by Dar Al-Handasah Consultants (Dar). Su-Yapı employs over 200 professionals and is said to be a regional leader in water, wastewater, infrastructure, energy, dams and hydropower.
According to a statement from Dar, the move will strengthen its foothold in Türkiye and Central Asia and reinforce its leadership position in the Middle East and Africa in water resources, dams and hydropower.
“The addition of Su-Yapı to our family of brands supports our strategy for growth in key sectors and regions. We share a common mission to serve communities and deliver complex multidisciplinary iconic projects which create long-term social value,” said Talal Shair, Dar Group Chairman and CEO.
Director of Operations for Türkiye at Dar Beshara Wakim noted that the partnership presented a significant opportunity to leverage its combined resources and competencies for collaborative growth and renewed ambition.
In early June 2022, JCDC awarded the masterplan design contract for its $20bn Jeddah Central Project to Dar and, in late January 2023, Dar opened a new office in Warsaw.
“We are thrilled to become part of the Dar family, as we share common values and a purpose of ‘Making Progress Together’. We are excited about the potential opportunities this transaction brings for our staff, clients, and communities,” remarked Su-Yapı’s Chairperson Sedef Odabaşı Erdoğan.
Su-Yapı will continue to operate independently under its own brand while benefiting from the vast international network, resources, and capabilities of Dar Group where world-class specialist brands collaborate on quality, innovation, reliability, delivery and excellent customer relationships, she added.
Founded in 1956, Dar provides planning, design, engineering, and project management services for buildings, cities, transportation, civil infrastructure, water, and the environment. With 7,800 professionals spread across 47 offices in 30+ countries, Dar has delivered 4,500 projects worth over $540bn for 950 clients worldwide, the statement concluded.
In mid March 2023, Dar Group acquired a Canada-based building analytics solutions provider.
