Keller Group PLC Acquisition (2316C)

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RNS Number : 2316C

Keller Group PLC

12 April 2017

For immediate release

Wednesday 12 April 2017

Keller expands instrumentation and monitoring capability

Keller Group has acquired instrumentation and monitoring company, GEO-Instruments, in North America.

Instrumentation and monitoring is increasingly sought by clients to control construction quality or monitor structural, ground or environmental properties such as vibration or noise during project execution. GEO-Instruments supply, manufacture, install, and integrate monitoring systems for buildings, excavations, bridges, railways, roads, tunnels, dams, embankments, and slopes. It is based in Rhode Island, with offices in New York, Washington DC, Seattle, and San Francisco.

"This is an important step in strengthening our global capability in instrumentation and monitoring; helping us innovate and scale our operations, and supporting the trend for increasing technology in our market," says Joseph Hubback, Keller Group Strategy Director and Global Lead for Getec (Keller's global instrumentation and monitoring brand). "The acquisition fits well within Keller's strategic framework driving growth, leveraging the scale of the group and enhancing operations."

GEO-Instruments will operate as a division of Getec and be led by its former owner, Pierre Gouvin, as President. Getec in North America will fall under the management of Keller company Hayward Baker.

For further information, please contact: Finsbury

Gordon Simpson/Theo Hildebrand 020 7251 3801

Notes to editors:

1. GEO-Instruments has annual revenue of around GBP4m.

2. Keller is the world's largest geotechnical contractor, providing technically advanced geotechnical solutions to the construction industry. With annual revenue of around GBP1.6bn, Keller has approximately 10,000 staff world-wide.

3. Keller is the clear market leader in the US, Canada, Australia and South Africa; it has prime positions in most established European markets and a strong profile in many developing markets.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 12, 2017 02:00 ET (06:00 GMT)