Kier Group has announced that the acquisition of the entire issued share capital of international infrastructure and business services group Mouchel was completed on 8 June 2015.
As stated at the time of the announcement of the acquisition, the Kier Board has reiterated its view that the rationale for the acquisition is compelling and aligned to Kier's "Vision 2020" strategy, representing an excellent opportunity to accelerate Kier's plans for growth in the infrastructure sector.
Kier's chief executive, Haydn Mursell, commented:
"The successful acquisition of Mouchel now positions Kier as a sector leader in the growing UK highways maintenance and management market. In particular, the acquisition enables the Group to capitalise on £17 billion of investment in the strategic road network to be delivered through Highways England over the next five years, whilst also accelerating the delivery of Kier's "Vision 2020" strategy."
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