Ricardo completed the acquisition of an 85% stake in E3 Advisory for $64m.

Ricardo, a British firm that provides engineering, environmental and strategic consultancy services, completed the acquisition of an 85% stake in E3 Advisory, an independent, employee-owned infrastructure advisory firm, for $64m. "E3 Advisory forms part of the next chapter for Ricardo and plays a pivotal role in transforming our business to create a leading position in environmental and energy solutions. E3 Advisory brings value-added strategic advisory capability to the Group's integrated global solutions offering, whilst also accelerating our commercial and operational scale in energy, water and transport in Australia, and more widely across the APAC region. We are delighted to welcome E3 Advisory to the Ricardo team," Graham Ritchie, Ricardo Group CEO.