Galliford Try Holdings PLC Acquisition (8403S)
2023年11月9日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMGFRD
RNS Number : 8403S
Galliford Try Holdings PLC
09 November 2023
9th November 2023
Galliford Try Holdings plc ("Galliford Try")
Acquisition of AVRS Systems Limited
Galliford Try is pleased to announce that it has acquired AVRS
Systems Limited (AVRS), a specialist mechanical, electrical,
instrumentation, control and automation (MEICA) design and build
contractor to the water and energy sectors for a total
consideration of up to GBP7.0m.
Established in 1972, AVRS delivers specialist MEICA design and
build solutions. In the water sector they have long term frameworks
with key water sector clients as well as the Coal Authority and
MoD, with operations being very closely aligned to Galliford Try's
existing business. In the energy sector AVRS have long term client
relationships providing in-house design, supply, installation and
commissioning of MEICA. AVRS is an excellent fit with Galliford Try
and the acquisition is a continuation of our previously disclosed
strategy relating to the development of adjacent markets, as set
out in our Sustainable Growth Strategy.
AVRS' capabilities are complementary to the operations of
Galliford Try's expanding Environment business and will accelerate
the growth of our asset optimisation and capital maintenance
strategy. AVRS operates out of premises in Cumbria, Middlesborough
and Warwickshire, and has c.95 employees.
The initial acquisition consideration of GBP4.5m will be
financed from Galliford Try's existing cash resources.
Commenting on the acquisition, Bill Hocking, Chief Executive of
Galliford Try, said:
"I am delighted to welcome AVRS to Galliford Try. We have said
that we will continue to consider bolt-on acquisitions to
accelerate our strategy and this acquisition increases our
capabilities in the Environment business and bolsters the Group's
capital maintenance credentials. AVRS brings highly complementary
skills into the Group which will further advance our Sustainable
Growth Strategy."
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of those regulations.
For further information please contact:
Galliford Try Holdings plc
Tel: +44 (0)18 9585 5001
Bill Hocking, Chief Executive
Andrew Duxbury, Finance Director
Kevin Corbett, General Counsel & Company Secretary
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Ed Allsopp
Charlie Batten
Ben Harrington
Panmure Gordon (UK) Limited Tel: +44 (0)20 7886 2500
Tom Scrivens, Corporate Broking
Sam Elder, Corporate Broking
James Sinclair-Ford, Corporate Advisory
Teneo Tel: +44 (0)20 7260 2700
James Macey White
Additional information
The acquisition of AVRS constitutes a Class 2 transaction for
the purposes of the UK Financial Conduct Authority's Listing
Rules.
For the year ended 30 September 2022, AVRS generated revenue of
GBP7.9m and profit before tax of GBP1.3m. The gross assets of AVRS
as at the same date were GBP3.8m.
More information on AVRS can be found on its website at
www.avrssystems.co.uk
The person responsible for making this announcement on behalf of
Galliford Try is Kevin Corbett, General Counsel & Company
Secretary.
Note to Editors
Galliford Try is a leading UK construction group listed on the
London Stock Exchange. Operating as Galliford Try and Morrison
Construction, the Group carries out building and infrastructure
projects with clients in the public, private and regulated sectors
across the UK.
END
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END
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(END) Dow Jones Newswires
November 09, 2023 02:00 ET (07:00 GMT)
Galliford Try (LSE:GFRD)
過去 株価チャート
から 5 2024 まで 6 2024
Galliford Try (LSE:GFRD)
過去 株価チャート
から 6 2023 まで 6 2024