![]() |
|
Scott Wilson builds bridges with Benaim
Scott Wilson, a UK-based engineering consultancy, has expanded its business with the acquisition of civil engineering specialist Benaim Enterprise. The deal is worth £5.5 million, of which some £2.9 million will be paid in cash on completion with £900,000 due at a later date.
The vendors will also receive loan notes worth £1.65 million, which will be converted into ordinary shares 18 months following completion.
Geoff French, executive chairman of Scott Wilson, says this is the company's second acquisition in line with its strategy of enhancing its built environment operations. He adds, 'In addition to its strong geotechnical and civil skills, and the benefits these bring for the metro market, Benaim also brings considerable expertise in major bridges for road and rail.'
Scott Wilson and Benaim have worked together on previous projects, such as the East London Line and Malaysia’s KLIA Express Rail Link.
Founded in 1980, Benaim lists the Taiwan High Speed Rail Project, Macau’s Venetian Casino and Kincardine Bridge in Scotland as examples of its work. It reported a £1.1 million pre-tax profit on revenues of £5.56 million in the year to October 2007.
London-based Scott Wilson has more than 6,000 employees in 80 offices across the UK, Asia, the Middle East, Eastern Europe and Southern Africa.

Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- Dramatic drop for Korean M&A Oct 10 2008
- Cashbox takes Cash4All Oct 10 2008
- Louche London acquires Joy Oct 09 2008
- More UK companies look to asset-based finance Oct 09 2008
- Game on for Phonetic Arts Oct 08 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- RPS makes Paras its latest addition Oct 10 2008
- REaD Group takes total control Oct 10 2008
- Former employees buy out Innovate Office Oct 09 2008
- REM Probe celebrates new windfall Oct 09 2008
- US reprographics company bulks up in UK Oct 08 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
- Business XL How to float on AIM 11th November
