Mon, 04 Jul 2016 | DIVISION SALE
Construction group Kier is gearing up to sell off Mouchel Consulting, after buying it just over a year ago, in a bid to hone in on its own main construction, property and services, Construction Enquirer reported.
Kier bought Mouchel Consulting, an international infrastructure engineering business with about 2,000 consultants and other staff, in April 2015 for £265 million, integrating the business into its own highways and local authority maintenance operations. The newly enlarged group was responsible for maintenance on one-third of the UK's road network.
However, the move to sell came about after Kier boss Haydn Mursell resolved that Mouchel Consulting wasn't a good fit for its in-house design business.
As part of Kier's wider plan to trim operations, it will wind down its Caribbean construction arm (due to difficult trading conditions) for a one-off cost of £18 million.
Meanwhile, in the UK, the group's waste contracts in Chester and in East Sussex are anticipated to be hit by the low oil price and lower returns on recycled waste.
It also bought May Gurney in 2013, and regarding the two purchases said that they have “significantly increased the level of visible, long-term earnings” for Kier's construction and services division.
Building and construction businesses for sale
Due diligence - an essential process in buying a business
Discover a lucrative opportunity with a company renowned for its comprehensive office refurbishment and building maintenance solutions across residential, commercial, and industrial sectors. Boasting ISO 9001 accreditation and robust client retention...
This is a unique opportunity to acquire a well-established manufacturer and supplier of personal care and cleaning products with a diverse customer base across the UK, Europe, and globally.
This specialist fabrication business offers an excellent opportunity for a new owner to benefit from its established reputation and expertise in designing and manufacturing bespoke trailer products across the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.