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  2. Share Prices
  3. Renew Holdings Share Price
  4. Renew Holdings Share News
  5. Renew buys Route One for GBP5 million to boost highways offering

Pin to quick picksRenew Holdings Share News (RNWH)

Renew Holdings Information

Share Price Information for Renew Holdings (RNWH)

London Stock Exchange
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Share Price: 1,068.00
Bid: 1,064.00
Ask: 1,068.00
Change: 0.00 (0.00%)
Spread: 4.00 (0.376%)
Open: 1,068.00
High: 1,068.00
Low: 1,068.00
Prev. Close: 1,068.00
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Renew buys Route One for GBP5 million to boost highways offering

Tue, 09th Apr 2024 10:01

(Alliance News) - Renew Holdings PLC on Tuesday said it has acquired specialist engineering business Route One Holdings Ltd for GBP5.0 million.

Renew is a Leeds, England-based engineering services group, supporting the maintenance and renewal of UK infrastructure.

The cash consideration will be funded from existing cash resources, Renew said, and noted that the acquisition will grow its Carnell unit by "adding new capabilities to the group's highways business, with particular expertise in bridge and structures maintenance and repair".

Route One is a West Yorkshire specialist engineering business operating in the UK highways sector which provides end-to-end solutions for bridge deck maintenance and protection.

Shares in Renew were up 1.0% at 913.00 pence each in London on Tuesday morning.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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