Acquisition

RNS Number : 2152J

Balfour Beatty PLC

01 December 2008

 



1 December 2008

BALFOUR BEATTY WORKPLACE ACQUIRES 

COLLEDGE TRUNDLE AND HALL 

Balfour Beatty, the international engineering, construction, services and investment Group, announces today that Balfour Beatty WorkPlace, formerly known as Haden Building Management and a market leader in the provision of facilities management and M&E services to both the private and public sectors, has acquired Colledge Trundle and Hall Limited (CTH), which specialises in the design and installation of automatic energy control systems for buildings, for a consideration of £2.85 million cash.  

CTH operates in a number of markets that are complementary to Balfour Beatty WorkPlace's core business.  Its customers include DEFRA, Sainsbury's and the University of Cambridge and, in addition, it is working on a number of PFI schools projects.  

The acquisition will enable Balfour Beatty WorkPlace to expand its service in the more complex market of energy management.

Balfour Beatty WorkPlace was re-branded last month to reflect its position as a total facilities management provider. Its customers include British Energy, Royal Mail, the Metropolitan Police Authority, the Department for Work and Pensions and BT.

Ian Tyler, Balfour Beatty Chief Executive, said:

'I am delighted to welcome CTH to the Balfour Beatty Group. This acquisition further strengthens the energy management capability available to our customers.'

In October 2007, Balfour Beatty acquired Covion, the facilities infrastructure services business, for £33 million. The acquisition extended the Group's reach in facilities management with Covion's integrated service packages and private sector presence complementing Balfour Beatty WorkPlace's strengths in public sector markets. 

-ENDS-

Analyst/Media enquiries: 

Duncan Murray
Tel: [phone]

www.balfourbeatty.com 

Notes to Editors:

1.

Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer need.   Balfour Beatty's financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities.

2.

Balfour Beatty WorkPlace (formerly known as Haden Building Management) is a leading asset and facilities management business with annual revenues in excess of £400 million.   Its customers under long-term framework contracts include British Energy, the Royal Mail, BT, the Metropolitan Police Authority, the Department for Work and Pensions and a number of the Balfour Beatty Group's PPP hospitals and schools schemes.   Other customers include the BBC, BAA, Tesco, Sainsbury's, the new Emirates Stadium in north London, Intel and St David's Hospital in South Wales.

 

END

 

 

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