26th Jan 2015 07:52
LONDON (Alliance News) - WYG PLC Monday launched a strategic review, saying it will look at all options for the future of the growing business, including whether it would be better off being acquired and made part of a larger group.
In a statement, the programme, project management and technical consultancy firm said it will look at strategic options including a strategic partnership, a merger or acquisition, selling a stake in the business to a new investor, selling the company, taking out a new or extended bank facility, or continuing to invest in expanding the business organically and through partnerships and bolt-on acquisitions.
"WYG is enjoying strong growth in its project pipeline and is creating almost more opportunities than it can readily service directly using its existing model of organic growth, supplemented by smaller bolt-on acquisitions and partnerships," it said in a statement.
"Against this background, the board of WYG recognises that this strategic review may or may not conclude that, given its current relative scale, being part of a larger business or expanding the scale of its current operating platform would provide significant advantages and better position the company to take full advantage of its growth potential. At this stage, however, all options available to the company are being considered," it added.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
WYG