Renew Holdings to acquire J Browne Group for £29.5m.

Renew Holdings, an engineering services company, agreed to acquire J Browne Group, a water focused engineering services business based in Enfield, North London, for £29.5m. "This acquisition broadens Renew's exposure to the UK water market and is consistent with our strategic objectives. This market offers attractive long-term growth opportunities underpinned by committed regulatory spend and is a sector we understand well from our established relationships in other water regions. We have known Jeremy and his team for many years and have tracked how they have successfully grown a business with an excellent reputation for directly delivering reliable engineering services to a number of water companies across the south of England, including Thames Water, the largest in the UK. This is a business that shares the values of Renew and I am delighted to welcome the management and staff of J Browne to the Renew family," Paul Scott, Renew CEO.