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.

Latest Issue

latest magazine issue

INSIDE:

  • COP26: The sector reacts
  • Road pricing: Putting the theory into practice
View the latest issue


Highways jobs

Rights Of Way Officer

£27,741 - £29,577
We are looking for a candidate who has practical experience of working with Rights of Way and access issues and... Cambridgeshire
Recruiter: Cambridgeshire County Council

Highways Projects Manager

Up to £38,326.08 p.a.
We are looking for an experienced, skilled and competent Highways Projects Manager to help deliver a wide range of... Broxbourne, Hertfordshire
Recruiter: Broxbourne Borough Council

Assistant Director of Environment and Regulatory Services

circa £84,000
As Assistant Director of Environment and Regulatory Services, you will be responsible for core ‘front-line’ place-based services, including... Bolton, Greater Manchester
Recruiter: Bolton Metropolitan Borough Council

Heads of Service

£57,636 - £58,509 pa
It’s an exciting time to join us here in West Lancs as we are looking for 3 inspirational leaders who have the energy and drive to... Lancashire
Recruiter: West Lancashire Borough Council

Senior Engineer- Highways

£23,080- £30,451
Our Highways Service is growing to reflect the increase in investment. Huddersfield, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Environmental Data Officer

£26,592
In this role you will collect, maintain and manage high quality energy and environmental data, and providing... Camden, London (Greater)
Recruiter: Camden London Borough Council

Senior Engineer - Highways Asset Maintenance

£39,854 to £43,741 (Pay Award Pending)
There’s never been a more exciting time to join Doncaster Council. Doncaster, South Yorkshire
Recruiter: Doncaster Council

Director of Environmental & Community Services

Up to £90,096 per annum
We seek an energetic and committed Director who has the right motivations and values; someone who is... Long Eaton, Nottingham
Recruiter: Erewash Borough Council

Transport Infrastructure Commissioning Officer

£30,451 to £34,728 per annum
We have a great opportunity in Somerset to join our Highways and Transport Service. Taunton, Somerset
Recruiter: Somerset County Council

Team Manager Band 3 – Environment Strategy & Change

£46,845 - £48,849 per annum
This is the perfect time to join St Helens and become part of our exhilarating journey and help build our legacy for the future. St Helens, Merseyside
Recruiter: St. Helens Metropolitan Borough Council

Noise and Nuisance Officer

£32,301 - £35,949 per annum
To be successful in the Noise and Nuisance Team you will need a genuine commitment to... Kensington and Chelsea, London (Greater)
Recruiter: The Royal Borough of Kensington & Chelsea Council

Team Manager Band 3 - Fleet, Depot & Security

£46,845 - £48,849 per annum
This is the perfect time to join St Helens and become part of our exhilarating journey and help build our legacy for the future. St Helens, Merseyside
Recruiter: St. Helens Metropolitan Borough Council

Minibus Driver

Hourly rate
North Yorkshire County Council
Recruiter: North Yorkshire County Council

Minibus Driver

Hourly rate
North Yorkshire County Council
Recruiter: North Yorkshire County Council

Minibus Driver

Hourly rate
North Yorkshire County Council
Recruiter: North Yorkshire County Council

Minibus Driver

Hourly rate
North Yorkshire County Council
Recruiter: North Yorkshire County Council

Minibus Driver

Hourly rate
North Yorkshire County Council
Recruiter: North Yorkshire County Council

Asset Manager

£42,821 - £46,845 per annum
The Highway Asset Manager is responsible for the strategic management of all the council’s highway assets... Blackburn, Lancashire
Recruiter: Blackburn with Darwen Borough Council

Digital Evidence Officer

£25.137 - £26.520
The Digital Evidence (CCTV) Team are responsible for improving community safety outcomes throughout the Royal Borough of Greenwich by... Greenwich, London (Greater)
Recruiter: Royal Borough of Greenwich

Guaranteed Relief Cleaners North and South Kirklees Area

£9.25 per hour
Some of the key features and benefits of being part of the Kirklees Cleaning Service include... Kirklees, West Yorkshire
Recruiter: Kirklees Metropolitan Council

Highways Presents

 

Highways on Fridays

Register now!

Latest Video