Subsidiary acquires south coast firm Young & Butt

WS Atkins has bought a firm of surveyors and commercial property consultants based on the UK鈥檚 south coast.

Atkins subsidiary, Lambert Smith Hampton Group, has acquired Young & Butt which has an annual turnover of 拢2.1m and gross assets of 拢0.9m.

Atkins said the acquisition complimented LSH鈥檚 network of UK offices increasing their number to 30.

Yesterday the Atkins revealed that its profits for the six months to the end of December had been hit by problems at its Metronet joint venture. Metronet wiped off 拢1.4m from the consultants profits which stood at 拢2.7m.