31st Mar 2006 16:32
Balfour Beatty PLC31 March 2006 31 March 2006 BALFOUR BEATTY COMPLETES THE ACQUISITION OF CHARTER IN THE US ============================================================= Balfour Beatty, the international engineering, construction and services group,announces today that it has completed the acquisition of Charter, the USconstruction management company, from Carillion for a net cash consideration ofapproximately £10 million. Charter, based in Texas, provides construction management, design and build andconstruction services to public and private customers. It is a leading builderof educational facilities in the state. In 2004, it had sales of £95 million andprofit before tax of £2.2 million. Its acquisition will complement Heery Inc,Balfour Beatty's US project and programme management specialist, which is anationwide leader in the primary and secondary education market. ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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