WDR & RT Taggart in administration
One of Northern Ireland's oldest businesses, the construction and design firm WDR & RT Taggart, has gone into administration.
The company was founded in 1902 and employs more than 30 staff at its offices in Belfast and Londonderry.
The firm blamed its problems on market conditions and trading difficulties.
The acquisition was completed before the remainder of the firm went into administration.
It includes the architectural, waste and energy services business, and some contracts and clients associated with that business.
The firm's employees include architects, structural and civil engineers and the firm has worked on several major public sector projects and landmark buildings.
It has appointed insolvency practitioners, Gildernew & Co, to provide advice on its available options.
Staff have been informed of the situation and the firm's suppliers are being contacted.
Managing partner Stephen Heaney said: "It is with great sadness and deep regret that we have been forced to call in the administrator following a protracted period of trading difficulties and challenging market conditions.
"Despite the skills, talents and experience of the outstanding team of professionals at the firm, the trading environment could not be overcome, leaving us in today's situation."
A spokesman for the new company said: "The new company has a very experienced management team, and together with the employees who transfer to us, we will work to ensure that WDR Taggart Limited delivers quality services to clients.
"In time, in addition to securing the legacy of the parts of the Taggart business that we have acquired, we wish to grow and build new business."