Two specialist industrial and logistics investment and asset managers Caisson Investment Management and iO Asset Management, are merging.

The merger will create approximately £1 billion of assets between the UK and Poland.

Both specialise in managing assets in authority pension funds, institutional investors, family offices and corporates.

The new ‘Caisson iO group’ will consist of 22 people.

The newly hitched partners claim they will provide clients with greater depth, capacity and expertise across fund management, asset management, finance and accounting, investor relations and sustainability.

The new entity aims to expand its offering across the UK and Poland.

The two organisations have previously worked in tandem on several projects. iO will move all its staff to Caisson’s offices in London and all staff will be kept on.