REG-Keller Group PLC: Acquisition of Austral Construction Pty Limited <Origin Href="QuoteRef">KLR.L</Origin>

KellerAnnouncement

02/07/2015 09:20

For immediate release                                                     2
July 2015

                               Keller Group plc                                

                           ("Keller" or "the Group")                           

          Acquisition of Austral Construction Pty Limited, Australia           

Keller, the international ground engineering specialist, announces that it has
acquired the entire issued share capital of Austral Construction Pty Limited
("Austral") for an initial cash consideration of A$42m (£20.5m) and a deferred
payment of up to A$20m (£9.8m), dependent on Austral's EBITDA earned in the
three years ending 30 June 2018.

Austral provides piling and civil construction services in the infrastructure
and mining sectors.  The business has a particular emphasis on near-shore
marine work, thus building on Keller's existing expertise in this market in
Australia.  Austral is based in Melbourne, Victoria and also has strong
relationships with major mining customers in Western Australia, where it is
focused on major maintenance projects.    

In the year ended 30 June 2014, Austral had revenue of A$76m (£37m) and
reported an operating profit of A$10.1m (£4.9m). Austral's gross assets as of
30 June 2014 totalled A$33.8m (£16.49m).

Alain Michaelis, Chief Executive of Keller, said:

"Austral is a well-run company with good prospects in its own right. The
combination with Keller's existing marine business in Australia gives a truly
national footprint and enhances the Group's ability to compete for large
complex projects." 

For further information, please contact:

Keller Group plc                           www.keller.co.uk              
                                                                         
James Hind, Finance Director               020 7616 7575                 
                                                                         
                                                                         
Finsbury                                                                 
                                                                         
Gordon Simpson, Rowley Hudson               020 7251 3801                

Notes to Editors:

Keller is the world's largest independent ground engineering specialist,
providing technically advanced and cost-effective foundation solutions to the
construction industry. With annual revenue of around £1.6bn, Keller has
approximately 9,000 staff world-wide.

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



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