Acquisition
24 April 2007 - 9:30AM
UK Regulatory
RNS Number:3745V
Hyder Consulting PLC
24 April 2007
HYDER CONSULTING PLC ("Hyder Consulting" or the "Company")
ACQUISITION
ACQUISITION OF RPA QUANTITY SURVEYORS LIMITED
The Company's subsidiary, Hyder Consulting (UK) Limited, has entered into an
agreement to acquire the entire issued share capital of RPA Quantity Surveyors
Limited (RPA). RPA offers a range of multi-disciplinary cost and project
management services primarily to the property sector. The purchase of RPA
includes the business formerly carried out by RPA Partnership and RPA Grove
Limited. The initial consideration for the acquisition amounts to #2.8 million
and is payable in cash. A further cash payment of up to #0.5 million is payable
over three years dependent on future business performance. Profit before
interest and tax for the consolidated business for the year to 30 April 2006 was
#0.55 million. The gross assets acquired are approximately #0.6m with net assets
of approximately #0.4 million. The acquisition provides Hyder Consulting with
new complementary skills and will expand its range of high value services in
this important market sector. The vendors, Ian Parfitt and Nicholas Soady, are
remaining with the business and will continue to lead RPA.
Tim Wade, Chief Executive of Hyder Consulting commented, "I am delighted we have
acquired RPA, which is in line with our acquisition strategy to find high
quality, high value, specialist companies which will increase our skill base and
introduce us to new markets."
For further details:
Tim Wade, Chief Executive, Hyder Consulting PLC Tel: 020 7316 6000
Simon Hamilton-Eddy, Financial Director,
Hyder Consulting PLC Tel: 020 7316 6000
Shane Dolan, Biddicks Tel: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUOABRBORSUAR
Hyder Consulting (LSE:HYC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Hyder Consulting (LSE:HYC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Hyder Cons (Londoner Börse): 0 Nachrichtenartikel
Weitere Hyder Consulting Plc News-Artikel