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| Balfour Beatty completes three acquisitions Balfour Beatty, a British based construction and civil engineering company, announces that it has completed three niche acquisitions which strengthen its position in the European rail, professional and technical services and road management and maintenance markets at an aggregated cost of approximately £9million. In Sweden, Balfour Beatty Rail has acquired Carillion's Swedish rail contracting company. The business, which had 2006 sales of SEK 418 million, has a broad range of capabilities including in trackwork, electrification and power supply, multi-disciplinary and maintenance projects. The business will be merged with Balfour Beatty's existing multi-disciplinary Swedish rail operations, which were recently also strengthened by the acquisition of SAAB's Nordic rail signalling and communications operations, and the combined business will be well-placed to take advantage of the significant anticipated growth in the investment expenditure of Banverket, Sweden's mainline network owner and operator, as well as in Norway and Denmark. In the UK, Balfour Beatty's fast-growing professional and technical services arm, Balfour Beatty Management (BBM), has acquired the NAP Partnership, based in Middlesbrough. NAP has annual sales of approximately £6 million and provides cost and contract consultancy and project management services to a variety of clients in the north of England. The acquisition strengthens BBM's presence in the north of England and broadens the range of services that it can offer in that region as part of the expansion of its regional service capability. Also in the UK, Balfour Beatty Infrastructure Services (BBIS), the Group's road management and maintenance arm, has acquired Chris Britton Consultancy, one of the UK's leading consulting engineering companies in the highways and pavement management sector. The company offers specialist services relating to pavement engineering, network management and asset management and its acquisition is an important step in growing BBIS's professional services capability. write your comments about the article :: © 2007 Construction News :: home page |