Acquisition

Carillion PLC 09 September 2002 Carillion completes acquisition of Citex Management Services Business and Construction services provider, Carillion plc, has today completed the acquisition of Citex Management Services. Carillion has purchased from Citex Professional Services Limited its Management Services business for £11.5 million, met in cash from Carillion's existing resources. The acquisition will see Citex Management Services become an integral part of Carillion Facilities Management Services. Citex Management Services has a highly successful track record focused on the provision of facilities management services to blue chip corporate customers. The acquisition includes its portfolio of contracts generating turnover of around £25 million per annum, together with its experienced management team and around 200 staff. Commenting on completion of the acquisition, Carillion Chief Executive, John McDonough said: 'The development of our Business Services activities, which now generate more than half the Group's profit, continues to be a key part of our strategy for growth and high quality margins. This acquisition, which includes the transfer of key Citex staff, complements Carillion's strong portfolio of public sector contracts. It is therefore a significant step in strengthening our well established facilities management business and will enhance opportunities for sustainable growth both in the UK and internationally.' For further information John Denning Director Corporate Affairs 01902 316426 This information is provided by RNS The company news service from the London Stock Exchange

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Carillion (CLLN)
UK 100

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