LONDON, July 13, 2017 /PRNewswire/ --
- McNicholas is a leading infrastructure
services provider in the UK
- 1,880 employees to transfer to Kier
Kier, the leading property, residential, construction and
services group, today announces it has completed the acquisition of
leading infrastructure services provider McNicholas to strengthen
its positions in the utilities and infrastructure services
sectors.
McNicholas is an established UK engineering services provider to
the UK's multi-utility sectors including telecommunications, gas,
power, water, renewable energy and rail. Working across the
UK and with headquarters in Elstree, Hertfordshire it employs 1,880 people and has
a client base which includes Virgin Media, Network Rail and UK
Power Networks.
This investment in the Kier Group utilities and infrastructure
services business will strengthen Kier's position in one of its key
sectors and will boost its expertise in infrastructure
services.
Commenting on the acquisition, Haydn
Mursell, Chief Executive of Kier said: "The
acquisition of McNicholas builds on
Kier's strategy to accelerate growth and
hold leading positions in its chosen markets. It is a highly
complementary addition to our utility services business and
enhances our presence in the power, rail and telecoms
markets, with its long-standing client relationships. We are
delighted that Barry and his team will remain with Kier
to continue the growth and development of the
business."
Barry McNicholas, Chief Executive
of McNicholas said: "Our business has been servicing the
rapidly growing telecommunications industry for over fifty years
and our expertise and knowledge has given us leading positions in
new sectors such as gas, power, rail and civil engineering. We are
excited by the opportunities that joining a larger group gives our
teams to expand and grow. It also provides our clients access
to a broader range of capabilities. I and the team look
forward to joining Kier and playing a role in delivering the Vision
2020 strategy."
About Kier
Kier Group plc is a leading property, residential, construction
and services group that invests in, builds, maintains and renews
the places where we work, live and play. We operate across a range
of sectors including defence, education, health, housing,
industrials, power, transport and utilities. Listed on the London
Stock Exchange, we are a constituent of the FTSE 250 Index.
With a head office at Tempsford Hall in Bedfordshire and a network of 88 UK offices.
Kier offers national coverage across all of its core activities.
Employing over 20,000 people, with a turnover in excess of £4bn,
Kier has the financial strength and technical expertise to
undertake some of the most significant construction, civil
engineering and service contracts in the country.
About McNicholas
McNicholas is a UK-leading utilities contractor, which also
operates nationwide in the communications, rail and energy sectors.
The company dates back to 1949 and was built on the back of
the post-war telecommunications industry.
Since then, the company has played a key role in facilitating a
better connected UK; be it by rolling out high speed broadband to
enable a digital Britain,
installing new utilities for our schools, offices and homes,
or by upgrading power supplies to electrify of our
railways.
The company provides an end-to-end solution; from utility
infrastructure design to construction, and takes pride in
developing long-term partnerships with clients, such as Network
Rail and Virgin Media; some of whom have been customers for more
than 20 years.
Today, the company has a turnover of around £200m and employs
1,880 people directly and additionally a large sub-contract supply
chain, made up of small to medium enterprises.