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New Deal


Announced

Completed

Ricardo completed the acquisition of Aither for £17m.

Financials

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Transaction Value£17m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For90%
EV/Sales3.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Environmental Consulting

Australia

Acquisition

Completed

environmental consulting

Friendly

natural resources

Single Bidder

Private

engineering consulting

Cross Border

Majority

Synopsis

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Ricardo, a global strategic, environmental, and engineering consulting company, completed the acquisition of Aither, a water-and-natural-resources advisory consultancy, for £17m. "The market for Aither's services is growing rapidly given the scale of water and natural-resources challenges globally, which is increasing recognition of the need for specialist economics, policy and strategic advice. With the acquisition of Aither, we will be able to expand our capabilities across the entire water value chain, as well as in natural resources, climate resilience and adaption - allowing Ricardo to serve a greater range of our clients' needs globally," Graham Ritchie, Ricardo CEO.

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