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Announced

Completed

M Group completed the acquisition of the UK Power business of Babcock International Group for £50m.

Financials

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Transaction Value£50m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Domestic

Completed

Friendly

Single Bidder

Energy / Utility Services

Acquisition

power engineering

Majority

Private

Synopsis

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M Group, a service provider to the regulated infrastructure markets in the UK, completed the acquisition of the UK Power business of Babcock International Group, a British aerospace, defence and nuclear engineering services company, for £50m. "I’m delighted that we continue to make real strides in delivering our plan of streamlining the Group. The business is a great fit for M Group Services, and I wish them every success as they continue to grow their operations," David Lockwood, Babcock CEO.

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