Hakuhodo DY Holdings Kyu Acquires Shares In Danish Firm Gehl Architects Holding

Feb. 02, 2022

Hakuhodo DY Holdings Inc. (Minato-ku, Tokyo; Masayuki Mizushima, President) is pleased to announce that its strategic operating unit kyu has acquired shares in Gehl Architects Holding ApS, an urban strategy and design consulting firm headquartered in Copenhagen, Denmark.

Gehl is an urban strategy and research consultancy offering expertise in the fields of architecture, urban design, landscape architecture, and urban planning. It provides consultation from overall urban planning strategy building to the construction process in general. Committed to making cities for people, Gehl meticulously studies and analyzes the environment around space and the challenges and needs of the people who will use it to provide to its clients. This highly strategic planning ability, which leads to optimal management decision-making, is one of Gehl's strengths. With a proven track record of success in the hard-to-enter public space and urban development domain, Gehl is recognized as global leader in the field.

Gehl's people-centered design philosophy and passion for sustainable urban development are closely aligned with kyu's purpose--to be a source of creativity which propels the economy and society forward--and the company has already worked with kyu companies such as ATOLYE, IDEO, and SYPartners. Gehl joining the Group enhances not only of kyu's but the entire Hakuhodo DY Group's ability to provide value.

The Hakuhodo DY Group will continue working to realize our basic medium-term strategies and contribute to the growth of our international operations, and hence our profits, by enhancing specialization and innovation within the Group through kyu.

The impact of the acquisition of shares in Gehl on Hakuhodo DY Holdings Inc.'s consolidated performance in the year ending March 31, 2022, will not be material.