Business
Proposed Acquisition of North American Piling
Proposed Acquisition of North American Piling.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 7422G Keller Group PLC 11 June 2013 \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. \n \nFor immediate release 11 June 2013\n \n \nKeller Group plc (\"Keller\" or \"the Group\")\n \nProposed Acquisition of North American Piling\n \n \nKeller (LSE: KLR), the international ground engineering specialist, today announces the proposed acquisition of North American Piling from North American Energy Partners Inc. (\"North American Energy Partners\"), subject to shareholder approval.\n \nKey Highlights\n \n· North American Piling is a substantial Canadian foundations business, headquartered in Edmonton, Alberta, and has over 25 years' experience providing piling services, with a focus on piling in construction markets across Canada, including the Alberta oil sands region. \n \n· North American Piling employs approximately 400 staff and, in the year ended 31 March 2013, the business reported revenue of CDN $236.5 million (£149.7 million) and operating profit of CDN $38.5 million (£24.4 million).\n \n· The Acquisition is consistent with Keller's stated strategy and the Directors believe it will enhance the Group's offering by:\n- bringing into the Group a market-leading business, positioned in ...