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New Deal


Announced

Completed

Ricardo completed the acquisition of E3-Modelling for £24m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For93%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Greece

Friendly

Majority

Cross Border

Private

consulting services

Completed

Single Bidder

Environmental Consulting

Acquisition

Synopsis

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Ricardo, a global strategic, environmental and engineering consulting company, completed the acquisition of E3-Modelling, a consulting services provider, for £24m. "Ricardo's acquisition of E3-Modelling is fully aligned with our ambition to become a global leader in strategy and engineering consultancy for environmental and energy-transition solutions. It provides an opportunity to deliver repeatable digital models focused on energy markets, climate change and the decarbonisation of transport to governments and corporate clients globally," Graham Ritchie, Ricardo CEO.

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