Keller Group PLC Acquisition (2316C)
12 April 2017 - 4:00PM
UK Regulatory
TIDMKLR
RNS Number : 2316C
Keller Group PLC
12 April 2017
For immediate release
Wednesday 12 April 2017
Keller expands instrumentation and monitoring capability
Keller Group has acquired instrumentation and monitoring
company, GEO-Instruments, in North America.
Instrumentation and monitoring is increasingly sought by clients
to control construction quality or monitor structural, ground or
environmental properties such as vibration or noise during project
execution. GEO-Instruments supply, manufacture, install, and
integrate monitoring systems for buildings, excavations, bridges,
railways, roads, tunnels, dams, embankments, and slopes. It is
based in Rhode Island, with offices in New York, Washington DC,
Seattle, and San Francisco.
"This is an important step in strengthening our global
capability in instrumentation and monitoring; helping us innovate
and scale our operations, and supporting the trend for increasing
technology in our market," says Joseph Hubback, Keller Group
Strategy Director and Global Lead for Getec (Keller's global
instrumentation and monitoring brand). "The acquisition fits well
within Keller's strategic framework driving growth, leveraging the
scale of the group and enhancing operations."
GEO-Instruments will operate as a division of Getec and be led
by its former owner, Pierre Gouvin, as President. Getec in North
America will fall under the management of Keller company Hayward
Baker.
For further information, please contact: Finsbury
Gordon Simpson/Theo Hildebrand 020 7251 3801
Notes to editors:
1. GEO-Instruments has annual revenue of around GBP4m.
2. Keller is the world's largest geotechnical contractor,
providing technically advanced geotechnical solutions to the
construction industry. With annual revenue of around GBP1.6bn,
Keller has approximately 10,000 staff world-wide.
3. Keller is the clear market leader in the US, Canada,
Australia and South Africa; it has prime positions in most
established European markets and a strong profile in many
developing markets.
This information is provided by RNS
The company news service from the London Stock Exchange
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