Regional buy

27 February 2008

Balfour Beatty has paid UK£ 52 million (€ 76 million) to acquire Colwin Group, a building and refurbishment contractor active in Wales, South and Southwest England. Colwin had sales of UK£ 186 million (€ 274 million) last year and generated a pretax profit of UK£ 5,3 million (€ 7,8 million). It has a confirmed order book of more than UK£ 200 million (€ 294 million) of work and also comes with net cash of UK£ 20 million (€ 29 million).

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
Construction starts on Milan’s renewable offices
New CityWave building will put ‘quality of life’ first and aims to have a “positive impact” on the environment
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA