30th Oct 2015 08:07
LONDON (Alliance News) - Project management and technical consultancy WYG PLC on Friday said it has struck a GBP5.0 million deal to acquire North Associates (Cumbria) Ltd.
Carlisle-based North Associates provides specialist property asset management consultancy services, focused on commercial developers, public sector bodies and regional landowners.
WYG said the acquisition will boost its presence in the property asset management and planning consultancy space in the UK and will position it well to secure some of the anticipated GBP90.0 billion of investment planned as part of the British 'Energy Coast' programme in West Cumbria, focused on the nuclear power sector.
The first GBP2.3 million will be payable upon completion, with the rest to be paid dependent on North Associates hitting targets over the course over the next three years.
WYG shares were up 0.5% to 127.655 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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