3rd Oct 2005 07:02
Galliford Try PLC03 October 2005 GALLIFORD TRY ACQUIRES MOBILE PHONE INFRASTRUCTURE CHARTERED SURVEYORS Galliford Try Plc, the construction and housebuilding group, announces theacquisition of Pentland Limited, a firm of Chartered Surveyors that providessite acquisition and town and country planning services to the mobile phoneindustry. The initial consideration for the acquisition is £1.1million paid on completion,with a maximum of a further £1.7million subject to achieving future profits. Theconsideration is being satisfied in cash from the company's own resources. Galliford Try Communications is one of the UK's leading providers of design andconstruction services for the mobile phone infrastructure and works for many ofthe country's mobile phone companies. The acquisition of Pentland, with officesbased at Manchester, Edinburgh, Newcastle and Gloucester, will enable GallifordTry to further extend the range of services it offers, providing an integratedservice to clients encompassing the identification and acquisition of sites formobile phone masts, designing and carrying out the construction, and erectingthe client's equipment. Greg Fitzgerald, Chief Executive of Galliford Try Plc commented: "We have a successful communications business that is established as a marketleader in providing infrastructure services to the mobile phone industry. Ascapacity requirements are expected to rise as the use of 3G increases, theacquisition of Pentland enables us to further extend and enhance the services weoffer." Further enquiries to: Greg Fitzgerald, Chief Executive Galliford Try Plc 01895 855 219Frank Nelson, Finance Director Galliford Try Plc 01895 855 226Ann-marie Wilkinson/Geoff Callow Bell Pottinger Financial 020 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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