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WHB Group and TSPC Csoport take collaboration to a new level

Published

2023. 09. 12. 10:25
The leading Hungarian high-rise constructor has acquired a 50% stake in the leading Hungarian engineering firm.
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A sales agreement was signed on 14 August for the WEST HUNGÁRIA BAU Kft. (WHB) and TSPC Csoport, were announced, whereby WHB acquired a 50 per cent stake in the leading domestic architectural and engineering firm. As a result of the merger, TSPC Csoport will become part of WHB Group, according to their press release.

Digital skills are also being introduced in construction

They emphasise that the advance of digitalisation in the construction industry and changes in the domestic market require design and construction companies to cooperate even more closely than before. The construction industry has faced many challenges in recent times. Thanks to the new collaboration, the WHB Group will be able to meet these challenges more effectively and deliver relevant solutions to investors.

"Digitalisation in the design segment is advanced, but only a fraction of digital solutions are used in construction. This is because designers and engineers lack the practical implementation knowledge and experience on which to build digital solutions. Without this, it is currently difficult for contractors to apply digital solutions. In contrast, market demand, now also at the level of the regulatory environment, requires the use of digital solutions throughout the implementation process. The merger will enable the increased introduction of digitalisation from the virtual space and the drawing board into the on-site construction workflow. By building on each other's strengths, we can be more efficient in both the design and implementation phases of projects."

- said Mihály Kádár, Founder-CEO of TSPC Csoport.

Building a common future from a common past

As the announcement points out, WEST HUNGÁRIA BAU Kft. pays special attention to the practical application, development and education of digitalisation, while its field experience as one of Hungary's leading general contractors is also very significant.

After working together on a number of projects over the past decade, the two groups have a good working relationship, and the merger is a logical next step to put the digital knowledge already developed in the design industry into practice, and to jointly emerge as a stronger and more efficient player in the construction industry.

WEST HUNGÁRIA BAU Kft. is currently one of Hungary's fastest growing construction companies, 100% is a Hungarian-owned market leader. It is at home in general and specialist construction in all segments of the construction industry: from monument renovation, industrial, commercial and logistics facilities to sports, education and healthcare facilities. In addition to its own staff of more than 270, it employs more than 1,000 specialist contractors at group level.

Today TSPC Csoport is Hungary's leading engineering company, delivering solutions with a generic design approach, complex vision and innovative technology background since 2012. The group was established with the aim of providing a full service to its customers, accompanying them through their projects from idea to implementation, instead of partial solutions. After 10 years of growth, the small company of seven people, started by university colleagues, has grown into a regional group with more than 180 employees, 8 offices and a regional presence, with colleagues with significant experience in a wide range of disciplines, working on increasingly large projects.

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