Press release - Grontmij sells Trett Consulting to Driver Group Plc
(Thomson Reuters ONE) -
De Bilt, 14 May 2012 - Grontmij N.V. announces that it has sold its UK dispute
resolution and contractual advice consultancy, Trett Consulting (Trett), to
Driver Group Plc. As announced in the Q1 2012 press release and discussed at the
annual General Meeting of Shareholders on 9 May 2012, Trett was classified as
held for sale, pending its intended divestment.
Trett's services are considered as non-core to Grontmij's operations focused on
the delivery of Engineering Consultancy services. The disposal will further
facilitate Grontmij's focus on realising profitable organic growth.
In 2011, Trett's revenues were about ? 16.8 million (£ 14.0 million) while the
company employs some 70 employees. In connection with the sale, Grontmij will
receive a consideration of ? 3.6 million. The transaction will lead to a book
result of about nil.
John Chubb, Managing Director of Grontmij in the United Kingdom said: 'Following
the release of our 'Back on Track' strategy early this year, the disposal of
Trett is another move in the restructuring work stream as we focus on our core
markets and core capabilities. I believe that the acquisition by Driver of Trett
is a good fit and that represents value to both companies.'
To the press release on our website
< Ends >
For more information please contact
Grontmij N.V., Frits Vervoort, CFO, T +31 30 220 72 02
Grontmij N.V., Michèle Negen, Investor Relations Manager, T +31 30 220 78 31
www.grontmij.com
Note to editors
Grontmij is the third largest engineering consultancy in Europe with nearly
9,000 professionals. At the heart of our business is the sustainability by
design principle. It is a leading value proposition for our customers delivered
by four business lines: Planning & Design, Transportation & Mobility, Water &
Energy, Monitoring & Testing.
Press release - Grontmij sells Trett Consulting to Driver Group Plc:
http://hugin.info/143540/R/1610171/512707.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: GRONTMIJ N.V. via Thomson Reuters ONE
[HUG#1610171]
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 145813
Anzahl Zeichen: 2760
contact information:
Town:
DE BILT
Kategorie:
Business News
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