Engineer buys consultant Ferguson McIIveen for 拢10.1m as part of its expansion strategy
Scott Wilson has bolstered its presence in Northern Ireland with the 拢10.1m acquisition of Northern Ireland consultant Ferguson McIlveen and is on the look out for more bolt ons.
The 拢14.5m-firm has offices in Belfast, Republic of Ireland, Glasgow, Chester, Guildford, Leeds, Middlesborough, and Swansea.
Chairman Geoff French told 黑洞社区 that the acquisition expands the group鈥檚 presence in Northern Ireland and increase its environmental and natural resources offering.
鈥淲e are continuing to look for acquisitions that expand our business either geographically or in the services we offer,鈥� he said.
Scott Wilson has offered 拢3m in cash and 拢1.85m in Scott Wilson shares. In addition there is a deferred payment of 拢5.25m of which 拢4.07m is payable in cash and 拢1.18m in shares.
Geoff French, chairman of Scott Wilson, commented: 鈥淚 am delighted that we have acquired Ferguson McIlveen LLP, which will significantly strengthen our presence in North and South Ireland and will enable us to take full advantage of the growing markets there, particularly in the environment and property sectors.鈥�
The news came as Scott Wilson held its annual general meeting. French said market conditions were buoyant and the first five months of trading had been 鈥渋nline with expectations鈥�.
