Macquarie Group completed the acquisition of Premier Technical Services Group for £265m.

Macquarie Group, an Australian multinational independent investment bank, and financial services company, completed its acquisition of Premier Technical Services Group, which maintains, inspects, tests, repairs, and installs permanent façade access equipment, for £265m ($334m). The offer price represents a premium of approximately 141% to the closing price per PTSG Share on 19 June. "We are pleased that the Independent Directors of PTSG are recommending this takeover offer. We view PTSG as a highly attractive leader in its chosen specialist markets, with a strong track record of performance and reputation for quality, value, and safety. Health and safety is an increasingly key focus for businesses and PTSG's expertise means it will continue to play a critical role in providing safe working environments that comply with regulations and other requirements. We see a strong opportunity to partner with the management team in continuing to grow the business in core and adjacent markets, both organically and via strategic acquisitions, which is why we have made this compelling offer to shareholders at an attractive premium," Adam Joseph, Macquarie Principal Finance Europe, Senior Managing Director.