Integrated support services company, Carillion plc, has acquired 100 per cent of the share capital of Canadian company, Outland Group (Outland).
Outland provides a complete range of remote-site services including accommodation, camp management, catering, maintenance and housekeeping to public and private sector customers across a wide range of sectors.
Commenting on the acquisition, Carillion chief executive, Richard Howson, said:
”Acquiring Outland is another important strategic step in the development of our support services business in Canada. Outland brings complementary skills and knowledge to Carillion and its culture complements our own. It has built a reputation for delivering high-quality, value-for-money services to a portfolio of blue chip private and public sector customers and is well-positioned in a diverse range of growth markets.”
The consideration will be paid in instalments with the total dependent on the financial performance of Outland, but capped at £63 million.
At 30 September 2014, Outland had gross assets of £38.5 million. In the 12 months to 30 September 2014, Outland had revenue of £112.2 million and pre-tax profit of £12.3 million.
Currently, Outland is delivering projects or actively bidding for contracts in 9 of Canada’s 13 Provinces and Territories.
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