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

Synopsis

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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