Thu, 24 Apr 2025 | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood-based JRL Group Holdings in a £50 million deal.
Founded by John Reddington in 1996, JRL provides integrated construction services through 14 specialist divisions and holds a £1.45 billion order book.
According to its most recent financial results for the year ending 31 December, 2023 JRL has a turnover of £826 million.
IJM Corporation Berhad is a Malaysian conglomerate primarily involved in construction, property development, infrastructure concessions, and industry-related ventures.
The acquisition, completed via the subscription of new ordinary shares in the firm, strengthens JRL’s capital base while enhancing IJM’s construction capabilities in the UK.
JRL believes that its in-house model — spanning key operations including Midgard (main contracting), J Reddington (concrete), McMullen Facades, Ark M&E and London Tower Crane Hire — complements IJM’s plans to scale up in the region.
The investment forms part of IJM’s wider strategy to diversify its revenue streams and extend its international presence. The UK is a key focus for the group, with activity spanning property, construction and urban regeneration.
Dato’ Lee Chun Fai, group chief executive and managing director of IJM Corporation Berhad, said: "The completion of this acquisition marks a significant advancement in IJM’s UK growth strategy. JRL’s strong project delivery credentials, specialised technical expertise and solid order book enhance our construction capabilities. This enables us to effectively pursue complex, transit-oriented and infrastructure-led developments, aligning with IJM’s long-term plans in the UK market."
John Reddington, managing director of JRL Group, added: "Finalising this partnership marks a major milestone for JRL, built on mutual trust developed over years of collaboration. IJM’s global experience and strategic ambition align with our focus on complex, large scale delivery. Together, we are well-positioned to unlock new opportunities and drive the next phase of growth in the UK."
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