Kier in discussions over Stewart Milne Construction - KHL Group


News feeds Mobile apps Tablet Editions News widget Need help?

Kier in discussions over Stewart Milne Construction

Written by Helen Wright - 13 Mar 2012

UK contractor Kier Group is in early discussions with Scottish property developer Stewart Milne over the possible acquisition of its construction division.

Kier said the geographical spread and customer base of the business would provide a good fit with its own construction business.

"However, at this stage there can be no certainty that a transaction will take place," Kier added.

Stewart Milne Construction reported revenues of £30.1 million (€36 million) for the 12 months to June, 2011.

Stewart Milne said due diligence would be completed by the end of March.

"Should this go ahead it would allow the Stewart Milne Group to focus on expanding and developing its successful house building and timber frame operations across the UK, in line with our longer term growth plans," the company said.

CLICK HERE FOR MORE CONSTRUCTION EUROPE TOP STORIES
Print Friendly and PDF Email to a friend

Back to top


MOST POPULAR
FREE eNEWSLETTERS







 

NEW FROM KHL

SPECIAL REPORT

  • CE-100 5 Year Toplist 2010-2014CE-100 5 Year Toplist 2010-2014

    Construction Europe’s annual appraisal of the top 100 contractors is a simple way to compare the progress of those companies, and the five-year period covered in this latest collection of CE-100 repor


    More...