REG - Keller Group PLC - Acquisition <Origin Href="QuoteRef">KLR.L</Origin>

KellerAnnouncement

12/04/2017 07:00

RNS Number : 2316C
Keller Group PLC
12 April 2017
For immediaterelease
Wednesday 12 April2017
Keller expands instrumentation and monitoringcapability
Keller Group has acquired instrumentation and monitoring company, GEO-Instruments,in NorthAmerica.
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 isbased in Rhode Island, with offices in New York, Washington DC, Seattle, and SanFrancisco.
"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 enhancingoperations."
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 HaywardBaker.
For further information, pleasecontact: Finsbury
Gordon Simpson/TheoHildebrand 020 72513801
Notes toeditors:
1. GEO-Instruments has annual revenue of around4m.
2. Keller is the world's largest geotechnical contractor, providing technically advancedgeotechnical solutions to the construction industry. With annual revenue of around 1.6bn, Keller has approximately 10,000 staffworld-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 developingmarkets.

This information is provided by RNS
The company news service from the London Stock Exchange
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