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| SMC to become number one in Scotland  SMC Group Plc, a leading group of architects and designers, announces its entry into the Scottish market through the acquisition of four established architectural businesses and the subsequent formation of SMC Scotland. The companies acquired are Parr Architects, Jenkins & Marr, Davis Duncan and Hugh Martin Architects. This establishes SMC as the largest group of architects in Scotland. The combined initial payments for the four businesses total £10.7 million.SMC has also acquired Hickton Madeley, a Midlands based business with specific experience in the Public sector, including Prisons. The Prisons sector is one that has been targeted as a growth market and is not currently served by any of the existing SMC Group companies. The initial consideration will be £1.0 million. Hickton Madeley generated revenue of £2.5 million and normalised PBT of £0.5 million in the last full accounting year. write your comments about the article :: © 2006 Construction News :: home page |