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| Balfour Beatty acquires Covion for £33 million UK construction giant Balfour Beatty announces that it has acquired Covion Ltd, the integrated facilities infrastructure services business, from its management and private equity investors for £33 million. Covion has been one of the fastest growing companies in the UK in 2005 and 2006. It will become part of Haden Building Management (HBM), Balfour Beatty's existing facilities management arm, adding a strong private sector presence and a specialist expertise in a range of white and blue collar functions to HBM's predominantly public sector portfolio. Covion was founded in 2000, is based in Theale, near Reading, and has some 600 employees. In 2007, its revenues will exceed £33 million and are forecast to continue to grow strongly as its customer base expands. write your comments about the article :: © 2007 Construction News :: home page |