Kier Group has completed the disposal of its Mouchel Consulting arm to WSP Global Inc. for a total consideration of £75 million in cash. Acquired in June 2015 as part of Kier's acquisition of Mouchel Group, Mouchel Consulting provides engineering, environmental and asset management consultancy serv
Kier Group has completed its £265 million acquisition of infrastructure consultant Mouchel. In a statement issued this morning, Kier said “the rationale for the acquisition is compelling” and represents “an excellent opportunity to accelerate Kier's plans for growth in the infrastructure sect
Kier Group has raised almost £312m from a share rights issue to help fund the acquisition of infrastructure consultant Mouchel. Nearly 92 per cent of the underwritten rights issue shares on offer were taken up raising £311m, with investment banks J.P. Morgan Securities and Numis Securities taking
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 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.
Gordon Wilson Scotland TranServ, the Mouchel / Balfour Beatty Joint Venture which manages and maintains south west Scotland’s motorways and trunk roads, has appointed Gordon Wilson as its new contract director.
A joint venture of Atkins and Mouchel has secured the last of three design contracts in the project to upgrade the A9 to a dual carriageway. The £40 million contract involves design work for the road between Dalraddy and Inverness.
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.