28th Oct 2026 14:15
Renew Holdings PLC - Leeds, England-based engineering services provider - Acquires Porter Brothers Holdings Ltd, parent company of PBU UK Ltd, for of up to GBP50.0 million in cash. The initial cash outlay of GBP31.1 million is funded through existing banking facilities, with a further GBP18.9 million conditional on profit targets being met over the next three years, Renew says. The acquisition, via subsidiary Excalon Holdings Ltd, strengthens the company's capabilities in electricity transmission and distribution through PBU's specialist extra-high-voltage cabling and directional drilling services, Renew says.
Current stock price: up 8.6% to 1,070.40 pence per share
12-month change: up 11%
By Niall Holden, Alliance News reporter
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