20th Sep 2007 07:01
Mears Group PLC20 September 2007 Mears Group PLC20 September 2007 Acquisition of the social housing business assets of Makers UK Limited Mears Group PLC ("Mears") announces that it has entered into a contract toacquire the majority of the social housing business assets of Makers UK Limited,a subsidiary of Keller Group plc, for a nominal consideration. The acquisitionwill complete on 28 September 2007. The assets comprise social housing maintenance contracts with a number of localauthorities largely within the M25. Mears anticipates annualised revenue ofapproximately £10 million from these contracts once all the contracts aremobilised. Approximately 100 staff will transfer as part of the acquisition. Commenting on the acquisition, Bob Holt, said: "We are delighted to welcome the employees and clients of Makers into the Mearsfamily." Enquiries: Mears Group PLCBob Holt 07778 798816Andrew Smith 07712 866461David Robertson 07887 705357 Threadneedle CommunicationsTrevor Bass 020 7936 9666Alex White Investec (Nominated adviser)Keith Anderson 020 7597 5970Michael AnsellDaniel Adams This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mears