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Combined entity offers enhanced capabilities and greater value for money to European development clients
LONDON, Jan. 2, 2014 /PRNewswire-USNewswire/ -- HTSPE Ltd. has agreed to join forces with DAI, a global development company with corporate headquarters in London and Washington and project operations in 70 countries worldwide.
Based in Hemel Hempstead in the United Kingdom, HTSPE is currently implementing 200 projects around the world for clients such as the U.K. Department for International Development, EuropeAid, and the World Bank, in technical areas including climate change, land tenure, governance, education, and monitoring & evaluation.
"This combination brings our European business to a scale that offers significant benefits and complementary capabilities to our core clients in the international donor market," said DAI President and Chief Executive Officer James Boomgard.
"We are delighted to be teaming up with DAI," said HTSPE Executive Chairman David Timmins. "In DAI, we have found a growth-oriented partner with a strikingly similar culture based on professional excellence, uncompromising integrity, and a commitment to make the world a better place."
Effective immediately, DAI Europe Ltd. owns all the shares of HTSPE. As a member of the DAI group, HTSPE will continue to do business under its current name and under the direction of HTSPE Managing Director Christopher Lockett, who will report to DAI Senior Vice President Julian Lob-Levyt.
"Between HTSPE and DAI we have enormous technical and managerial expertise at our disposal," said Dr. Lob-Levyt. "I'm excited to work with Christopher and his team to integrate that knowledge in a way that offers more powerful, more cost-effective options for clients seeking to make a transformational impact in developing countries."
DAI was advised in this transaction by The McLean Group, LLC.
Founded in 1970, DAI is a global development company with corporate offices in London and Washington, D.C. Named one of the world's top 40 international development innovators, DAI works on the frontlines of international development, tackling fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. For more information, visit dai.com.
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