Construction company, NMCN has acquired Norfolk-based business, Lintott Control Systems (LCS) for up to £3.7m subject to a three-year earn-out
The North Midland listed construction company, NMCN has acquired Norfolk-based business, Lintott Control Systems Limited (LCS). LCS manufacture and design digitally-integrated, factory-built equipment and process software.
The acquisition aligns with NMCN’s intentions to deliver customer value through integrated assets and services.
The chief executive officer of NMCN, John Homer, stated: “The cash position we’ve been able to build in recent years has enabled us to take the next step in broadening our offering to our clients.”
“The acquisition of LCS strengthens our ability to offer innovative, customer focussed solutions for the water sector. We look forward to combining our own experience with our newly acquired colleagues’ skills and expertise to enhance our offering as the leading supplier to the water industry.”
Before the acquisition, Lintott Control Systems reported a turnover of £8.5m in the year to December 2018 with a pre-tax loss of £988,140.
Managing director of Lintott Control Systems, David Owen, said: “We were attracted by the business development opportunities and NMCN’s ambitious growth plans.”
“We look forward to supporting the wider business in achieving its growth objectives and in delivering exceptional customer service.”
Homer added: “We’re looking forward to welcoming on-board new colleagues and expanding our expertise within the water sector as we work together to grow our services and expertise across all of our key sectors.”