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Completion of Acquisition

8th Nov 2013 07:00

RNS Number : 5151S
RPS Group PLC
08 November 2013
 



 

RPS Group plc

("RPS" or "the Group")

 

Completion of acquisition of Norwegian project management consultancy

 

Further to the announcement on 18 October 2013, RPS is pleased to confirm that it has completed the acquisition of the entire share capital of OEC Consulting AS ("OEC") and the outstanding minority shareholdings in its three subsidiaries (taken together the "OEC Group"), following the granting of approval by the Norwegian Competition Authority.

 

The maximum consideration payable for OEC Group is NOK 300 million (£31.5 million). The consideration paid to the vendors at closing was NOK 190 million (£20.0 million).

 

 

8 November 2013

 

ENQUIRIES

 

RPS Group plc

Dr Alan Hearne, Chief Executive

Tel: 01235 863 206

Gary Young, Group Financial Director

Tel: 01235 863 206

 

College Hill

Justine Warren /Matthew Smallwood

Tel: 020 7457 2020

 

 

RPS is an international consultancy providing advice upon the development of natural resources, land and property, the management of the natural and built environments and the health and safety of people. We have offices in the UK, Ireland, the Netherlands, the Americas and Australia/Asia Pacific and undertake projects in many other parts of the world. The Group is a constituent of both the FTSE 250 and FTSE 4 Good Indices.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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