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Van Elle buys ScrewFast Foundations for £3.68m | 1 April 2021


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. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130131:19:42:00

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