Balfour Beatty sells UK WorkPlace business

09 August 2013

Utility company DGF Suez Energy has acquired Balfour Beatty’s UK facilities management operation, Balfour Beatty WorkPlace, for £190 million (€221 million).

Balfour Beatty CEO Andrew McNaughton said the deal represented an important step in the contractor’s strategy of intensifying its focus on infrastructure.

“In addition to finding a good new home for the business, its customers and employees, this transaction has achieved good value and will enable us to allocate more resource to target growth sectors and markets in the future,” Mr McNaughton said.

Balfour Beatty WorkPlace is an outsourcer focusing on facilities management, business processes and energy services. It generated revenues of £482 million (€560 million) in 2012, with operating profit of £21 million (€24 million).

Balfour Beatty said it expected WorkPlace to continue to provide facilities management services to its current portfolio of public private partnership assets in the UK, and to collaborate on the development of its investments in the future.

The transaction is expected to complete in the fourth quarter.

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