1 April 2021 | 09:53am
StockMarketWire.com - Ground engineering group Van Elle has acquired ScrewFast Foundations for a maximum consideration of £3.68 million and will retain the ScrewFast brand as it positions the business within its specialist piling division.
The company said an initial consideration of £1.76 million is payable in cash on completion, with up to a further £1.92 million of deferred and performance-based cash consideration payable in August 2023.
All ScrewFast employees, including the entire management team led by managing director Dan Dye, will join the group.
Van Elle chief executive Mark Cutler said: This is a very exciting, complementary acquisition focussed on our higher margin, specialist piling activities which strengthens our leading position in growth markets such as highways and rail.
new about the healthcare law and folks who are responding to it. great making points on both sides. the growing skont versie after a cheerleader learns he s being side lined. the team says she wasn t up to par. she says they claim i got too heavy. really? give us a k, give us an e, give us an l-l, y. kelly s court is next. you know my heart burns for you. i m up next, but now i m sging the heartburn blues. hold on, prilosec isn t for fast relief. cue up alka-seltzer. it stops heartburn fast. oh what a relief it is! to find you a great deal, even if it s not with us. [ ding ]