Galliford Try PLC's Andrew Duxbury talks to Proactive London about their newest acquisition - all of NMCN's water business.
This deal includes the specialist water process and control businesses Nomenca and Lintott for an aggregate consideration of £1m in cash.
He explains how this move fits with their existing business and now plan to accelerate the growth of their environment division.
Formerly North Midland Construction, nmcn entered administration on Monday (4 October) since when its businesses have started to be sold off piecemeal. The water business generates annual revenue of approximately £100mln and the transaction is expected to be immediately earnings enhancing, before transaction and restructuring costs.