Silverdell agrees acquisition of EDS Group Holdings for an initial £15 million
Specialist Environmental Support Services Group, Silverdell PLC, announced that it has conditionally agreed to acquire EDS Group Holdings Ltd (EDS) for an initial consideration of £15 million.
Transformational acquisition, expected to be immediately earnings enhancing which will create an international Specialist Environmental Support Services Group with a blue-chip, multi-national client base.
Silverdell PLC the Specialist Environmental Support Services Group has today announced that it has conditionally agreed to acquire EDS Group Holdings Ltd (EDS) for an initial consideration of £15 million.
This is a transformational acquisition which is expected to be immediately earnings enhancing. It will create a Specialist Environmental Support Services group with scale and global reach and will accelerate the planned expansion into Canada and Australasia, providing an immediate scale and track record in those markets. Significant cross-selling opportunities are expected to exist and the enlarged group will be a more attractive partner to multi-national corporations.
EDS is a specialist provider of decommissioning and dismantling services and has an established working relationship with Silverdell and serves an attractive market niche to which Silverdell does not currently have significant exposure.
Sean Nutley, CEO of Silverdell Plc, said:
“This acquisition will transform Silverdell into a global Specialist Environmental Support Services group. EDS is a highly specialised decommissioning and dismantling provider with genuine global reach and a blue chip customer list which provides repeat work. Having worked closely with them, we understand the business well and believe that it can be successfully integrated into the Group. It serves attractive market niches in geographies which are target territories for us. We believe that the enlarged business will be well placed to win further large framework contracts with multi-national corporations.”
Stuart Doughty, Chairman, commented:
“This acquisition marks an entirely new stage in Silverdell’s growth. In short, we now have the scale, capability and blue chip customer base to go from strength to strength. We look forward to the future with great confidence.”
EDS has successfully won contracts for several multi-national corporations including: Shell, RioTinto, GSK GlaxoSmithKline, ExxonMobil, Rolls Royce, Pfizer and Ineos. Silverdell intend to retain EDS’s key staff including Managing Director Darren Palin.
Further information can be found at: http://www.silverdell.plc.uk/investor-relations
For further information on the Silverdell Group companies please visit:
Silverdell (UK) Limited www.silverdell.co.uk
Kitsons Environmental (Europe) Limited www.kitsons.co.uk
Redhills www.redhills.co.uk
SAFE Training www.safe-training.org
Further information on Silverdell Plc can be found at www.silverdell.plc.uk
About Silverdell PLC
Silverdell Plc works with major organisations both here and overseas, whose executives have a duty to protect people, assets and reputation.
Silverdell Group provides peace of mind through its Specialist Environmental Support Services, majoring on the management of asbestos and other hazardous materials.
Which means our Customers know that their interests are always protected.
Media Interviews with key personnel can be arranged through our PR agency:
Nicky Frost, Account Director
SMPR (Simply Marcomms Limited)
0870 199 4044
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