Kier to buy Mouchel for £265m

28/04/2015
Highways Reporters

Kier has completed the acquisition of infrastructure consultant Mouchel for £265 million.  

Preliminary talks started in December but the transaction is now expected to complete in June.

Kier is funding the acquisition through raising additional equity and the transaction will require the approval of its shareholders. This process is expected to take approximately five weeks.

On completion of the transaction, Mouchel chief executive Grant Rumbles will stand down. Haydn Mursell, the CEO of Kier, will be CEO of the expanded group.

Mursell said: “Over the last three years, Mouchel has been transformed into a strong business with market leading positions. The combination of Kier and Mouchel, particularly in the provision of UK highways maintenance services, creates a leader in a growing marketplace. The acquisition is consistent with and accelerates the delivery of our Vision 2020 strategy and will provide compelling value to shareholders.”

Rumbles added: “Kier and Mouchel are an excellent fit. The enlarged company will enable us to improve our offer to customers and to enhance the career opportunities of our employees.”

“This deal is testimony to the successful turnaround of Mouchel following its 2012 restructuring. Refocusing the business on its core strengths and targeting profitable growth has brought us to a position where our order book is now more than £2.8bn. For that I thank my excellent management team and all of our staff for their hard work and determination over the last few years.”

The combined company will be a sector leader in the growing UK highways management and maintenance market, servicing Highways England, Transport for London and local authorities.

The transaction will also enhance the range of facilities management (FM) and business process outsourcing (BPO) services that the enlarged group can offer to local authority clients, as well as those in the water and regulated industries market.
Highways jobs

Collision Investigation Officer

Transport for Greater Manchester
£26,844.00 - £38,228.00 Per Annum
Are you excited by the opportunity to make a difference to the roads of Greater Manchester? Greater Manchester
Recruiter: Transport for Greater Manchester

2 x Environmental Health Officer (Food, Health & Safety)

Dacorum Borough Council
£31,218 to £39,786 (Inclusive of London Fringe Weighting) + Car Allowance   
Seeking to appoint 2 x fully qualified Environmental Health Officer’s to work within our... Hertfordshire
Recruiter: Dacorum Borough Council

Senior Traffic Engineer

East Riding of Yorkshire Council
£32.029 - £34.788
We seek an enthusiastic and experienced traffic engineer to manage our Traffic Team. East Riding of Yorkshire
Recruiter: East Riding of Yorkshire Council

Head of Asset Management (Regeneration & Environment)

Rotherham Metropolitan Borough Council
£55,856 - £59,773
We have a current vacancy for the role of Head of Asset Management, and we are looking for a dynamic individual to lead the service Rotherham, South Yorkshire
Recruiter: Rotherham Metropolitan Borough Council

Environmental Education Assistant

Brent Council
£22,779 - £24,030 p.a. inc. (pro-rata)
Looking for instructors who complement our enthusiastic, motivated and friendly staff team. Brent, London (Greater)
Recruiter: Brent Council

Structures Asset Manager

Kent County Council
£52,713 - £58,774 per annum (salary dependent on experience) 
If you have the ability to succeed in either of these roles and are able to prioritise competing demands and objectives, coupled with... Ashford, Kent
Recruiter: Kent County Council

Structures Senior Engineer

Kent County Council
Starting salary £33,082 per annum
Providing engineering support for maintenance of highway structures, liaising and working closely across KCC. Ashford, Kent
Recruiter: Kent County Council

Development Management Engineer

Warwickshire County Council
£37,849 - £39,782 per annum
The successful applicant for this post will be capable of taking the lead on work within the team associated with... Warwickshire
Recruiter: Warwickshire County Council

Permit Officer – Place

Enfield London Borough Council
£27,228 - £29,241
You will have the ability to understand and learn relevant legislation and be able to work on your own initiative but also work as part of... Enfield (London Borough), London (Greater)
Recruiter: Enfield London Borough Council

Senior Policy Planner

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,643 – £45,704 depending on skills
Are you looking for working arrangements that enhance your work-life balance? London (Greater)
Recruiter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Community Services Manager

Copeland Borough Council
Competitive Salary
Looking for an energised and enthusiastic candidate to lead and focus the service through the challenges set by the Resources and Waste Strategy. Moresby, Whitehaven
Recruiter: Copeland Borough Council

Highways Infrastructure and Maintenance Manager - Highways Network

Bridgend County Borough Council
£37,813 - £40,760 per annum
An exciting opportunity has arrived inside the Highway Asset Maintenance Team within the Communities Directorate. Bridgend (Pen-y-bont ar Ogwr)
Recruiter: Bridgend County Borough Council

Business Support Officers - Transport Team (2 Jobs)

Kirklees Metropolitan Council
£19,554 - £21,166
Within the Transport Team you will be required to work flexibly in accordance with the needs of the service, which can men... Kirklees, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Transportation Planning Manager

Brent Council
£55,638 - £58,779 p.a. inc.
ou will have an excellent knowledge and understanding of transport policy at both local and national level. Expertise of both people and... Wembley, London (Greater)
Recruiter: Brent Council

Commercial Contract Supervisor

Wirral Borough Council
£30,507 to £32,878
No holding back. No excuses. Just change Wirral. Wirral, Merseyside
Recruiter: Wirral Borough Council

Technical Officer – Pest Control

Kirklees Metropolitan Council
£19,554 - £23,836
This job is temporary for up to 11 months from the date of appointment to cover the absence of the current post holder. Kirklees, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Divisional Director Neighbourhoods & Sustainability

Glasgow City Council
£83,708 - £95,232 (LDR3a, Grade 11)
This innovative role will contribute to the Council Strategic Plan Theme of A Sustainable Low Carbon City Glasgow, Glasgow City
Recruiter: Glasgow City Council

Principal Transport Manager

Be First
Competitive Salary
As our Principal Transport Manager, you will deliver the Local Implementation Plan, ensuring the £2.4million TFL budget is used effectively London (Central), London (Greater)
Recruiter: Be First

Highway Operations Manager

Croydon London Borough Council
£43,590 - £45,585
We are seeking an enthusiastic, motivated and well organised highway operations manager Croydon (City/Town), London (Greater)
Recruiter: Croydon London Borough Council

Structures and Watercourse Manager

Croydon London Borough Council
Competitve
We are seeking an enthusiastic, motivated and well organised manager to look over the structures team and wider Highway section. Croydon (City/Town), London (Greater)
Recruiter: Croydon London Borough Council

Highways on Fridays

Register now!

Latest Issue

latest magazine issue

Valuing our roads: What is a network worth?

Also inside:

Traffex review 

Diary of a flood.

Beautiful roads

Live Labs exclusive briefing 

View the latest issue

Latest Video