Amey seeks acquisitions for international expansion
When private equity investors Buckthorn Companions and One Equity Companions received Amey from Ferrovial in December 2022, they promised to make investments to develop the industry.
The 2024 annual listing of Amey UK shows there change into once no longer powerful development in 2024 nonetheless they are working on it.
“We demand to entire some M&A job in 2025,” chief government Andy Milner writes within the listing, “enabling us to put ourselves in centered geographies past the UK and, thru the export of confirmed files analytics and advisory products and services, put ourselves in diversified key new geographies.”
Worldwide development is anticipated to be led by Amey’s consulting industry, in preserving with the legacy Owen Williams & Companions observe received in 2006. Amey Consulting has been active some distance off places historically, nonetheless less so since the ruin up from Ferrovial.
Milner writes: “Worldwide opportunities are a key level of curiosity and we gained contracts in target areas, including the Bahamas. Our first contract within the Republic of Ireland will ogle us reveal technical consultancy products and services to a tag of €5m for Roscommon County Council after its appointment to the joint Native Authorities and Transport Infrastructure Ireland (TII) 372 technical consultancy products and services framework. Australia the US live tough targets and early in 2025 our consulting industry opened a new location of job within the Unusual York train.”
Within the 365 days to 31st December 2024 Amey UK team earnings change into once up accurate 1% to £1,850.6m (2023: £1, 832.9m).
Then again, there change into once tough earnings development, with running earnings up 33% at £116.2m earlier than exceptionals (2023: £87.0m) and pre-tax earnings up 30% at £126.7m (2023: £97.0m).
Milner described it as “a extremely definite monetary performance unimpeded by exterior global trends”.
Amey Consulting accounts for around 10% of team earnings, turning over £181.4m final 365 days (2023: £203.8m).
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