MARLTON, N.J. and ISTANBUL, Turkey, April 15, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has acquired IMS Proje Yonetimi ve Danismanlik A.S., a firm that provides project management services for international developers, institutional investors and major retailers. IMS, which has approximately 80 professionals, is headquartered in Istanbul, Turkey. Terms of the transaction were not disclosed.
"IMS has always been a delivery-focused company and this is the main factor in our successful track record," said Serdar Gucar, President of IMS and now also Vice President and Managing Director of Turkish operations for Hill's Project Management Group. "The blend of our two companies' cultures will enhance the value delivered on our projects and will improve our ability to meet our clients' expectations and requirements," added Gucar.
"The addition of IMS strengthens Hill's project management resources and capabilities not just in Turkey but throughout the region as well," said David L. Richter, Hill's President and Chief Executive Officer. "We welcome IMS and all of their professionals to the Hill International family," added Richter.
IMS, founded in 1989, is one of the leading project management firms based in Turkey. The company has provided services on hundreds of commercial real estate projects in Central Asia, Eastern Europe, North Africa and the Middle East. IMS offers a wide range of high-quality services, including project development, design management, construction management, monitoring, due diligence and other consulting services. For more information on IMS, please visit their website at www.ims.com.tr.
Hill International, with 4,700 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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