id verde, France’s largest landscape, design, construction and maintenance company has acquired The Landscape Group (TLG). The new alliance between the two organisations represents the largest specialist landscaping and grounds maintenance business in Europe, represented on both sides of the Channel.
id verde had been looking at the possibility of a potential acquisition in the UK for some time and chose TLG on the basis that it “provided the strongest management team, the strongest financial performance and the best cultural fit for idverde in the UK.”
Five times the size of of its nearest competitor, id verde has a turnover of €280 million, employs 3000 staff, and is the only company large enough to offer green services on a national level throughout France.
Employing in the region of 1000 people, TLG has a yearly revenue of £50 million and has built-up a forward order book of some £300 million.
Herve Lancon, president of id verde said:
“This acquisition makes the id verde group the number one specialist in landscaping and grounds maintenance in Europe. Entering the UK market doesn’t just allow us to access a complementary territory but to appreciate how our services are deeply rooted in British culture. This project creates real added value for all our customers. We can also offer a unique opportunity to meet the needs of Anglo-French organisations by coordinating our services internationally.”
Nick Temple-Heald, chief executive of The Landscape Group said:
“I cannot think of a better home for the future of TLG and its valued employees. The cultural and strategic fit is extraordinary. Both companies are green specialists; both companies are passionate about developing their people; and both companies want to improve the value and quality they can offer their customers.”
The new international group will employ 4000 staff with a turnover of more than €360 million.
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