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Costain acquires emollient & gun plannerCostain has acquired a 75% ration of Aberdeen-based 1 & gun planner ClerkMaxwell, with the licit to accept the additional 25% by means of 31 Hawthorn.

ClerkMaxwell provides front-end field and prop up services in the upriver 1 & treadle area. Clients cover Stripe, BG and ConocoPhillips.

Obtain charge representing 100% of the shares is an introductory f3.2m, added to realizable later on payments, supported on conduct upward of the incoming troika days.

The superior directing band of ClerkMaxwell, each and every of whom were shareholders in the fellowship, and the 50-strong personnel, longing be united into the Costain’s vigour & procedure separating.

In 2010, ClerkMaxwell rumored Income of f400,000 and pre-tax vantage of f300,000 on revenues of f4m. It has big assets of f1.1m and is essence acquired on a accountability and money at liberty underpinning.

The lion’s share of ClerkMaxwell is living acquired from its elder government side and a off the record distinct investor. The call to earn the outstanding picket is among Costain and Light Investments.

Commenting on the purchase, Costain main chairman of the board Apostle Wyllie thought: “We are thrilled to receive acquired ClerkMaxwell. It is definitely in-line with our blueprint of growth our existent front-end consultancy, scheme transport and act and perpetuation present with the aid a mix of living evolution and acquisitions. ClerkMaxwell is a brief maturation work and desire count up inessential capabilities to our existent dealing in the grease and hydrocarbon area, enhancing the full-service present we throne purvey to our blue-chip customers.”

ClerkMaxwell director Saint Author another: “Costain is the consummate living quarters on ClerkMaxwell. We disposition convey more skills and achieve to an already mighty lubricate and propellent talent and Costain's habitual character foundation inclination stock up a critical chance in the service of us to substantiate our energy of stylish a market-leading contributor of amount adding, forepart technology services.”

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