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| Balfour Beatty acquires segments of Rok's business British construction firm Balfour Beatty said it has acquired certain segments of Rok's business in affordable housing and general construction for a consideration of £7 million, of which £4 million has been paid in cash. The balance of £3 million will be paid as contracts transfer. Balfour Beatty expects these operations to add approximately £100 million p.a. to the Group's revenue. The acquired segments and 381 employees therein will be integrated into Mansell, Balfour Beatty's regional construction business. Rok's operations in affordable housing, which are principally in the South West and North West of the UK, will support Mansell's strategy of being a leading provider in affordable housing where long-term demographics are favourable. Rok's general construction activities will enhance Mansell's existing capabilities at Heathrow and Gatwick airports as well as expanding its geographical presence into the South Midlands. write your comments about the article :: © 2010 Construction News :: home page |