13th Feb 2015 07:38
LONDON (Alliance News) - FTSE 250-listed energy consultancy RPS Group PLC on Friday said it has acquired Texas-based Klotz Associates Inc in a USD24.1 million all-cash deal.
Klotz provides engineering, planning and environmental consultancy services. For the year to the end of December, Klotz reported a pretax profit of USD3.6 million on revenue of USD26.2 million, RPS said.
"Klotz Associates has an excellent reputation and track record in Texas, as well as a strong management team. Its skills will complement the services RPS currently provides in the water sector," said RPS Chief Executive Alan Hearne.
By Sam Unsted; [email protected]; @SamUAtAlliance
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