Keltbray has acquired a portfolio of infrastructure contracts and associated assets from nmcn, which will save 117 jobs
Keltbray acquired the infrastructure assets after nmcn went into administration on 6 October.
The acquisition will extend the company’s service offering into strategically targeted infrastructure sectors, while at the same time protecting valuable engineering jobs.
The agreement also ensures continuity of delivery of vital infrastructure projects across the UK, minimising any adverse delivery impacts on customers.
As a result, the acquisition by Keltbray secures the futures of 117 employees.
The company will assume responsibility for fulfilling these contracts with immediate effect, providing services to National Highways, as part of the UK government’s infrastructure investment programme.
The acquired contracts will be managed within its existing infrastructure division, reporting to managing director, Phill Price.
‘Building a resilient, growth-oriented business’
Keltbray CEO, Darren James, said: “Keltbray are pleased with the ‘on strategy’ opportunities presented by the acquisition of these contracts, working with clients on some of the UK’s most important infrastructure projects.
“Today’s announcement accelerates our plans to build a resilient, growth-oriented business.
“Equally important, we have also safeguarded 117 valuable jobs and livelihoods that could otherwise have been lost to our industry.
“The acquisition has required a very rapid, but collaborative approach, and Keltbray would like to thank all parties for their proactivity throughout.
“I look forward to working with my new colleagues as we build a rewarding future together as one Keltbray.”