Xian Dai acquires US design firm
Print Edition
SHANGHAI Xian Dai Architectural Design Group, a top Chinese architectural and engineering design company, announced yesterday that it has acquired American luxury design firm Wilson Associates.
Xian Dai completed the transaction through its affiliated company based in the Shanghai free trade zone, a pilot zone for China’s financial reforms that was established in September.
It was the first cross-border acquisition deal in the zone.
“The alignment with Wilson Associates will strengthen our international footprint,” said Qin Yun, Xian Dai chairman.
Xian Dai, set up in 1952, has been included in the “Top 150 Global Design Firms” list published by American magazine “Engineering News Record.” It was ranked 64th in 2012.
Wilson Associates, founded in 1971, is one of the top firms in the hospitality design industry worldwide.
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