ENP Newswire -
Release date- 30042014 - Renew (AIM: RNWH), the
The acquisition will be earnings enhancing to the Group.
Clarke operates nationally with its head office in
The wireless telecoms infrastructure market is currently experiencing growth as demand for mobile internet access and communications is outstripping the capability and capacity of the existing mobile network infrastructure alongside the introduction of 4G services. This is resulting in a growing need for network operators to add new infrastructure, upgrade existing networks and decommission redundant assets, providing Clarke with a range of excellent growth opportunities.
In the year ended
Clarke was principally owned by various members and associates of the Clarke family, none of whom were involved in the day to day management of the business. One third of the equity held by the management team of five people will be acquired by Renew at the end of
Roy Harrison OBE, Chairman of Renew, commented: 'This earnings enhancing acquisition accords with the Group's clear strategy of growing its Engineering Services business, where it can secure strong framework positions with major clients in sustainable markets supporting critical
Group Finance Director
Tel: 0113 281 4200
Tel: 020 7260 1000
Engineering Services, which now accounts for over 70% of Group revenue and 80% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.
For more information please visit the
Most Popular Stories
- Florida Warns Beach-goers About Flesh-eating Bacteria
- Sutherland Responds to 'Unprofessional' Jibe
- Business Leaders Set for CHCC Convention
- Is California Going to Land Tesla's Battery Plant?
- DishLATINO Wins Hispanic TV Award
- Adrienne Bailon Disses Ex-Lover Rob Kardashian
- Twitter's Stock Rises on Stellar Revenues
- Ebola Outbreak Strikes Fear in Minnesota
- Beyonce Seen Apartment Shopping in NYC Without Jay Z
- U.S. Consumer Confidence at Strongest Since 2007