Acquisition

RNS Number : 6717E

Balfour Beatty PLC

24 December 2009

 



24 December 2009

BALFOUR BEATTY TO ACQUIRE STRATA CONSTRUCTION 

FOR £10.3 MILLION

Balfour Beatty, the international infrastructure group operating in construction services, professional services, support services and infrastructure investments, announces today that it has acquired Strata Construction, a Doncaster-based company specialising in the construction of affordable housing.  

The company is being acquired for a total cash consideration of £10.3 million.  Strata Construction is primarily a family-owned business and was founded 90 years ago.   

The company will add to Mansell's existing portfolio of affordable housing business and will form part of Mansell's Midlands & North Division, which currently has little exposure to the affordable housing market in the Yorkshire region.

Strata has a network of framework contracts with resident social landlords and also has experience in the education and healthcare sectors.

ENDS

Analyst/media enquiries:    

Marjorie Hooper

Tel: [phone]

www.balfourbeatty.com

Notes to Editors:

1

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group operating in construction services, professional services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, the US, South-East Asia and the Middle East, who value the highest levels of quality, safety and technical expertise.   Our key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail). We deliver services essential to the development, creation and care of these infrastructure assets including investment, project design, financing and management, engineering and construction, and facilities management services.   Balfour Beatty employs more than 53,000 people around the world.

2

Mansell is a construction partner of choice with national capability and regional delivery to the community. Through various procurement models with both public and private sector customers, the company develops long-term sustainable relationships in specific market sectors including affordable housing, education, health, defence, airports, commercial and interiors, culture and heritage.

 

END

 

 

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