Real estate consultancy giant Jones Lang LaSalle (JLL) has acquired Bluu in a further expansion of its Tétris design and fit-out business to create one of the the UK’s largest fit-out providers based on market share and turnover
JLL acquired the UK-based design and fit-out company Bluu as part of its continuing strategic investment plan for growing its Tétris design and fit-out business. The combination of Bluu’s 120-strong team with the existing 30-strong Tétris UK operation will create a market leader.
Since JLL acquired Tétris in 2007 the business, which has 23 offices in 16 countries across Europe, the Middle East & Africa and Brazil, delivered over 4,000 global projects for corporate, investor, retail and hotel clients. In 2014, turnover hit £151M ($236M).
After a transitional period, Bluu will move fully under the Tétris brand next year.
Guy Grainger, JLL UK Chief Executive, said: “We are delighted to welcome the Bluu team to our existing Tétris business. Both businesses share the same core commitment to client service excellence and innovative high quality approaches to design and fit-out in what is a fast-moving and rapidly evolving sector. This is an exciting and mutually beneficial combination. We will be able to draw on the strengths of our global scale operation and Bluu’s 15 years’ heritage and leading position in the UK to provide an unmatched design and fit-out service across the UK.”
Richard Harris, Managing Director, Tétris UK, added: “This is another significant step in our growth strategy for the Tétris business. We have long admired and respected Bluu and I am thrilled that we can now call them colleagues. Our combined team will be a major force enabling us to offer a comprehensive service, with the same values, under one umbrella.”
Robb Simms-Davies, CEO Bluu, commented: “This is the coming together of two great companies who are strategically aligned and we fully believe that both will benefit from the partnership. Bringing together our leading teams of designers, market knowledge and high quality delivery, along with Tétris’ global platform and corporate client base will ensure we are the market leaders in multi-disciplinary fit-out. This is a key moment for our business and a decisive move to take it to the next level.”
The acquisition takes immediate effect, with the Tétris UK team set to relocate into Bluu’s London offices later this year.