The acquisition strengthens Grontmij’s core capabilities in higher valued contract, project and claim management especially in its market sectors Energy, Building and Industry.
In the year 2007 Trett achieved a turnover of approximately GBP 16 million. The net result of Trett Consulting is expected to contribute to the earnings per share in an amount of EUR 0,08 per share in 2008. Trett Consulting achieved in 2007 an EBIT-margin higher than the average of the Grontmij Group.
The purchase price amounts to GBP 9.5 million with a performance related earn out for the next two years.
Trett Consulting brings an additional 120 professionals to Grontmij’s 1,070 UK and Ireland employees, is headquartered in London and has 18 offices across the UK and energy hotspots in Europe, the Middle East, the Asia Pacific region and the USA.
Trett’s services are required by a variety of private customers, related to amongst others the energy, offshore and petro-chemical industry. Trett Consulting will continue to operate under its existing brand name.
Grontmij intends to be the best local service provider for design, consultancy, management, engineering and contracting of projects in environment, water, energy, building, industry and transportation. Our employees thus create value for our clients and shareholders and contribute to a sustainable living and working environment.