Kier Group has reached agreement to acquire infrastructure builder Mouchel for £265 million following months of negotiations. The contractor said the takeover, which is expected to deliver annual cost savings of £10m, will be financed by a £340m fully underwritten rights issue.
Kier Group
Staff at Kier Inverness office with Lord Provost Alex Graham and Danny Alexander MP Kier Construction has demonstrated its commitment to the Highlands by opening an office in Inverness to capitalise on the growing number of contracts it is winning across the region.
(left to right) Brian McQuade, Kier Construction managing director; Stephen Parker, Kier Construction; Michael McBrearty, chief executive, hub South West; Provost Joan Sturgeon; Kenneth Gibson MSP; Cllr Anthony Gurney; Ryan Broadley, Kier Construction Work has begun on the creation of a £36 million
Work to repair Dumfries and Galloway Council’s flagship leisure centre will not start until autumn this year and take 18 months to complete, the local authority has revealed.
Kier Group plc, the parent company of Kier Construction in Scotland, has announced strong half-year results for the six months to 31 December 2014. Group turnover increased by 11 per cent from £1,432 million in 2013 to £1,583m, while pre-tax profits slipped down 2 per cent from £36.8m to £35.9m.
Output in the construction industry has been estimated to have increased by 7.4 per cent last year when compared to 2013, according to the latest figures. Data for the fourth quarter of last year from the Office for National Statistics revealed that all work types recorded increases except infrastru
Brian McQuade Kier Construction has been appointed by NHS Greater Glasgow & Clyde to carry out a survey and review of the fabric and building services at Inverclyde Royal Hospital in Greenock and the Royal Alexandra Hospital in Paisley.
Allan Callaghan Construction output in the UK fell by two per cent in November compared to the previous month, according to today’s figures from the Office for National Statistics (ONS).
Hub South West has appointed Kier Construction to develop a new £7.9 million community and small business hub in Cumbernauld on behalf of North Lanarkshire Council.
Output in the construction industry increased by 0.7 per cent in October 2014 compared to the same period last year, continuing its year-on-year growth for the 17th consecutive month. Latest construction industry figures from the Office for National Statistics (ONS) showed that new orders in Q3 2014
Kier Group has made a statement confirming it has held preliminary discussions regarding the possible acquisition of infrastructure builder Mouchel. Sources mention that the going price for Mouchel could be £400 million, although others say it could be as high as high as £500m.
Greg Fitzgerald Morrison Construction, Morgan Sindall and Kier Construction have been successfully appointed to North Lanarkshire Council’s Schools and Centres 21 Phase 2 Framework.
Brian McQuade Construction, property and services group Kier has revealed it remains on course to deliver projected targets for the current financial year.
Kier Construction has been appointed by hub South West Scotland to deliver two state-of-the-art secondary schools – one in Troon and one in Ayr - on behalf of South Ayrshire Council.
The UK construction industry has witnessed the first year-on-year contraction in output since May 2013 following a sharp dip in August, according to new figures from the Office for National Statistics (ONS). Total construction output for the month dropped by 3.9 per cent on the previous month, with