Articles

« go back

Ricardo acquires environmental consultants AEA Europe, and shows round Lord Green

 

The engineering company Ricardo has acquired the main assets of the environmental consultancy AEA Technology Plc for £18.0 million in cash. 

AEA Europe, previously in administration, provides technical consultancy services to the UK public sector, the European Commission, international agencies and private sector organizations. The company is a supplier of services to the UK government, and, according to Ricardo, has a reputation for providing authoritative and independent technical expertise to underpin policy development, implementation and evaluation, in areas including energy and climate change, air quality, sustainable transport, waste management, resource efficiency and chemical risk.

The acquisition announced today will see the AEA Europe business, with a staff of approximately 400 located at five UK sites, transferring to Ricardo where it will operate as Ricardo-AEA under the continued leadership of Robert Bell, reporting to Martin Fausset, managing director of Ricardo UK. Based on its most recent reported results, the assets being acquired generated, for the year ended 31 March 2012, annual revenues of £39 million and operating profit margins similar to Ricardo. Its acquisition represents an increase in the size of the business of approximately 20%.

Ricardo said that the client base of the two companies are complementary and anticipates that, as a result, Ricardo’s international network will allow AEA Europe to develop as a more global business. In addition, AEA Europe’s strong links with government organizations are expected to enhance Ricardo’s relationships.

Ricardo CEO Dave Shemmans said that  “Our common long term strategic drivers of reducing carbon emissions, maintaining air quality and the management of scarce resources provide an excellent opportunity to further develop Ricardo’s expertise in delivering high value-added services to our global customer base.”

 

UK trade minister visits Ricardo

UK Trade Minister, Lord Green, visited Ricardo today at the launch of ‘Export Week’, part of a national campaign to encourage more companies to competie overseas.

Marking the commencement of Export Week, Lord Green chose to visit two companies based in the Shoreham and Brighton area - Ricardo and Epic - which are focused on generating export based business. During his visit to Ricardo, he was shown projects that the company is working on and to hear the company’s plans to grow further through exporting and creating and sustaining local jobs. 

An example of this planned development is demonstrated in the recent offer of funding through the Regional Growth Fund for the development of a state of the art Ricardo Vehicle Emission Research Centre.

 

Links:

Ricardo acquires AEA Europe

UK trade minister visits Ricardo

 

Comments
No comments yet. Be the first.

Quick Links

Latest articles

New Rapid Charge Network project to follow lines of EU 'economic lifeblood' of the single market

A European Commission-backed Rapid Charge Network project has been announced which will see...

Low Carbon Commercial Vehicle Demonstration Competition: Networking & Consortia Building Event

On the 14 th July 2016 KTN hosted a networking and consortia building event for the Low...

Meet the Researcher - Opportunity to present your research prowess at APC Spoke launch events – we’ll polish your pitch

The Advanced Propulsion Centre (APC) is developing a national network of specialist centres...