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| Balfour Beatty buys a leading UK regional contractor Balfour Beatty, UK's largest construction company, announces that it has acquired Dean & Dyball Limited, a leading UK regional civil engineering and building business, for a cash consideration of approximately £45 million. Dean & Dyball is a civil engineering and building business, based in Ringwood, Hampshire. It has a strong presence in civil engineering markets in the southern half of the UK, with regional offices in Ringwood, Exeter, Bristol, Maidstone, Coleshill (near Birmingham) and Swansea. In addition, it has a business unit that focuses on rail customers, based in Stevenage, Hertfordshire. It also has a small property development business and an equity investment in a PPP Pathfinder coastal protection project for the Environment Agency. The property development business, which has a successful track record, has three live projects, the largest of which is a combined Magistrates', County and Crown law court development in Salisbury, Wiltshire that is forward funded. Dean & Dyball was founded in 1969 and initially focused on the water utilities, marine and coastal sectors. This was extended in the 1970s to include commercial and industrial building for the private sector and river and highway works for the public sector. It has approximately 700 staff and 500 directly employed operatives. In the year to 30 September 2007, Dean & Dyball had a turnover of £262 million and profit before interest and tax of £4.5 million. Net assets at 30 September 2007 were £18.4 million and included £8.6 million of net cash and £11.25 million of freehold and long leasehold properties. write your comments about the article :: © 2008 Construction News :: home page |