6th Jun 2008 12:42
6 June 2008
Scott Wilson Group plc
Acquisition of Strategic Leisure Limited
Scott Wilson Group plc, the international design and engineering consultancy, today announces that it has acquired the business of Strategic Leisure Limited, a management consultancy specialising in strategic advice to public and private sector leisure organisations, for a maximum consideration of £0.6 million.
The consideration payable on completion is £0.4 million in cash and shares. A deferred consideration of £0.2 million cash will be paid in three equal annual tranches subject to certain conditions being met.
Strategic Leisure Limited was founded in 1998 and is headquartered in Manchester. In the year ended 31 May 2007, Strategic Leisure Limited had revenues of £1.4 million and profit before taxation of £0.1 million.
Scott Wilson and Strategic Leisure Limited have worked on a number of projects for many years and the acquisition will support and enhance the Group's leisure capability.
Geoff French, Executive Chairman, comments
"Our acquisition of Strategic Leisure supports our strategy of buying specialist businesses. This transaction further develops this area of expertise alongside our wide range of consultancy services. Having worked with the team at Strategic Leisure on a number of projects over many years, we have been very impressed and as a result of this acquisition, we now have a strong platform from which to grow this niche part of our business."
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For further information please contact:
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Scott Wilson Group plc Geoff French, Chairman Sean Cummins, Finance Director Lak Siriwardene, Head of Communications |
01256 310 200 020 7798 5245 07824 311762 |
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Financial Dynamics Charlie Armitstead/ Charlotte Whitley |
020 7269 7291 |
Scott Wilson Group plc, with over 6,000 members of staff, is an international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors.
The Group has doubled in size over the past few years and from its UK headquarters currently controls a worldwide network of 80 offices, of which 40 are in the UK. The main international centres are located in China, Hong Kong, India, SE Asia, the Middle East, Eastern Europe and Southern Africa.
www.scottwilson.com
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