WSP Global snaps up Kier’s Mouchel Consulting for $93 million

By awrara ra

Canada’s WSP Global has bought Mouchel Consulting from British construction company Kier Group for around $93 million.

Kier only bought the business in June last year when it acquired the wider Mouchel portfolio for £265 million, and is set to make a £40 million profit on the sale which will help pay off outstanding debts.

Mouchel Consulting provides engineering, environmental and asset management consultancy services, principally to infrastructure markets. It is a healthy profit maker – for the year ending June 30 the company turned over £125 million, with pre-tax profits of £5 million. Gross assets sit in the region £29 million.

Kier chief executive Haydn Mursell said: “Having completed the integration of Mouchel, we are well progressed with the simplification of our portfolio of businesses. The disposal of Mouchel Consulting continues this process and provides increased capital to focus on the opportunities across our core businesses which will underpin the group's future growth.”

Mouchel has a wide presence in the UK and Ireland, with bases in Belfast in Northern Ireland, Dublin, Liverpool, Manchester, Woking, Birmingham, Bristol and Cambridge.

Follow @BizReviewCANADA

Read the October 2016 issue of Business Review USA & Canada magazine

Share
Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI