LONDON, UK: Ricardo plc, a world-class environmental, engineering, and strategic consulting company, has signed an settlement to acquire Inside Infrastructure, a privately held consultancy enterprise based in Adelaide, Australia, for an undisclosed consideration.
The settlement includes the acquisition of the entire business, working assets, and employees, and can expand Ricardo’s environmental capabilities throughout Australia.
Inside Infrastructure provides environmental and technical advisory services through its team of 25 specialists, supporting the water, utility, mining, resources, healthcare, infrastructure, and authorities sectors in developing, delivering, and managing their projects and assets.
Inside Infrastructure’s buyer base enhances Ricardo’s existing presence in water and utilities in addition to providing Ricardo the chance to expand into adjacencies through a strong buyer base in mining and Australian authorities sectors. Ricardo’s existing Australian enterprise has a broad experience in upstream coverage and consultancy services. The acquisition will construct on this and extends its implementation capability.
Graham Ritchie, Ricardo CEO, said: “Ricardo’s continued funding inside the environment sector aligns with the numerous global demand to address local weather change and ship extra ambitious motion on decarbonisation.
“Inside Infrastructure fits well inside all of the traits of our funding technique – it’s environmentally led and strengthens our present market place in addition to opening into new growth sectors.”
The contract is topic to customary closing conditions and is anticipated to conclude inside the subsequent month.
Ricardo plc is a world-class environmental, engineering, and strategic consulting firm listed on the London Stock Exchange. www.ricardo.com