Balfour Beatty acquires contractor Dean & Dyball for £45 million

Source: Stock Market Digital

Date :19/03/2008 08:53:31

Balfour Beatty Plc today announced that it has acquired Dean & Dyball Limited, a UK regional civil engineering and building business, for approximately £45 million.

According to the company, the deal will provide a 'strong' presence in civil engineering markets in the southern half of England and in Wales, in line with its established strategy of expanding its regional presence in the UK.

“The acquisition of Dean & Dyball is the latest stage in our strategy of building leading positions in regional UK civil engineering and building markets following the successful acquisition and integration of Mansell, Birse and Cowlin, said Balfour Beatty Chief Executive, Ian Tyler.

Potential

“This transaction establishes a strong civil engineering base in an area where we currently have only a limited presence and adds further capability in the building sector.”

In addition to it civil engineering business, the company has a business unit that focuses on rail customers, as well as a small property development business and an equity investment in a PPP Pathfinder coastal protection project for the Environment Agency. In total, it has around 700 staff and 500 directly-employed operatives.

March 19, 2008