UK: M Group Services has announced the acquisition of Skanska UK’s rail and road infrastructure services business.
The £50m acquisition is expected to be completed by the end of Q1 2021, as part of Skanska’s strategy of focusing on its core activities in the infrastructure and building sectors. Skanska’s rail and road infrastructure services activities generated revenues of £323m in 2019.
The rail elements of Skanska UK’s infrastructure services operation will become part of M Group’s Dyer & Butler business. Non-rail activities will transfer to a new company, Milestone Infrastructure Ltd, which will operate as a stand-alone highways and street lighting business within the M Group Services Transport Division.
‘Strategic acquisitions are a core part of our strategy as we continue to enhance the scope of capability across our sector focused divisions’, explained M Group Services Chief Executive Jim Arnold on December 4. ‘Skanska’s infrastructure services business has earned a strong reputation within the transport sector due to its consistent, quality delivery and innovative solutions which has led to strong and longstanding relationships being established.’
