Acquisition

RNS Number : 4076G

Balfour Beatty PLC

01 February 2010

 



1 February 2010

BALFOUR BEATTY ACQUIRES STOCKPORT-BASED 

CONSTRUCTION AND FIT-OUT COMPANIES

Balfour Beatty, the international infrastructure group operating in construction services, professional services, support services and infrastructure investments, announces today that it has acquired Multibuild Hotels and Leisure Ltd and Multibuild Interiors Ltd, based in Stockport, specialising in the construction and fit-out of hotel and leisure facilities.

The companies have been acquired from Multibuild Holdings Ltd for a cash consideration of £1.9 million.

Involvement in the construction and fit-out of hotels, and other leisure facilities, including cinemas and casinos, will give Balfour Beatty exposure in the wider fit-out market and to customers including Whitbread, Rank and Odeon.

ENDS

Analyst/media enquiries:

Duncan Murray

Balfour Beatty plc

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 50,000 people around the world.

 

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