News Column

United States : RPS announces on taking over GaiaTech Holding

May 21, 2014

RPS, Oil and gas consultancy announced that it has taken over US-based GaiaTech Holdings, as per the recent declaration.

For an enterprise, worth $34m (£20.2m) whioch was purchased by environmental consultancy employs 85 staff who renders risk management advice to the US industrial sector and its investors and advisors in both transaction related due diligence and its manufacturing and distribution operations.

RPS would be leveraging tax benefits with a net present value in cash terms of about $4.9m (£2.9m), which would increase over the next nine years.

The firm will form part of RPS s Built and Natural Environment segment.

Alan Hearne, Chief Executive of RPS, said: It is an important element of the group s strategy to develop our presence in North America s environmental consultancy market.

GaiaTech is a business we have followed for a number of years. It will make an important contribution to the development of our US activities.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters