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Acquisition

12 Apr 2017 07:00

RNS Number : 2316C
Keller Group PLC
12 April 2017
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For immediateΒ release

Wednesday 12 AprilΒ 2017

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Keller expands instrumentation and monitoringΒ capability

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Keller Group has acquired instrumentation and monitoring company, GEO-Instruments,Β in NorthΒ America.

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Instrumentation and monitoring is increasingly sought by clients to control construction quality or monitor structural, ground or environmental properties such as vibration or noise during project execution. GEO-Instruments supply, manufacture, install, and integrate monitoring systems for buildings, excavations, bridges, railways, roads, tunnels, dams, embankments, and slopes. It isΒ based in Rhode Island, with offices in New York, Washington DC, Seattle, and SanΒ Francisco.

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"This is an important step in strengthening our global capability in instrumentation and monitoring; helping us innovate and scale our operations, and supporting the trend for increasing technology in our market," says Joseph Hubback, Keller Group Strategy Director and Global Lead for Getec (Keller's global instrumentation and monitoring brand). "The acquisition fits well within Keller's strategic framework driving growth, leveraging the scale of the group and enhancingΒ operations."

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GEO-Instruments will operate as a division of Getec and be led by its former owner, Pierre Gouvin,Β as President. Getec in North America will fall under the management of Keller company HaywardΒ Baker.

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For further information, pleaseΒ contact: Finsbury

Gordon Simpson/TheoΒ Hildebrand 020 7251Β 3801

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Notes toΒ editors:

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1. GEO-Instruments has annual revenue of aroundΒ Β£4m.

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2. Keller is the world's largest geotechnical contractor, providing technically advancedΒ geotechnical solutions to the construction industry. With annual revenue of around Β£1.6bn, Keller has approximately 10,000 staffΒ world-wide.

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3. Keller is the clear market leader in the US, Canada, Australia and South Africa; it has prime positions in most established European markets and a strong profile in many developingΒ markets.

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