WYG Engineering Limited, a subsidiary of WYG plc ("WYG"), the AIM-quoted global management and technical consultancy business, has sold Adams Kara Taylor ("AKT"), part of its UK engineering business, by way of a business and assets sale to AKT II Limited, a company backed by AKT management and Tyréns AB.
WYG (then White Young Green plc) acquired AKT by way of the acquisition of Adams Kara Taylor Limited in November 2006 to develop its UK business through the addition of a high-end design business with a strong reputation for quality.
Tyréns AB is one of Sweden's leading consultants in urban and rural planning with approximately 1,000 employees operating from more than 20 offices in Sweden.
June Paddock and Daniel Joll advised the AKT management both on the sale of Adams Kara Taylor Limited in 2006 and then also advised the AKT management and Tyréns AB on the 'buy in, management buy out' which completed in March 2011, assisted on the latter transaction by Jonathan Witt (property) and Michael McCartney (employment).