REG - Ricardo PLC - Acquisition of Inside Infrastructure

RicardoAnnouncement

07/03/2022 07:00

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RNS Number : 8256D  Ricardo PLC  07 March 2022

07 March 2022

Ricardo plc signs agreement to acquire Inside Infrastructure to expand its
environmental capabilities across Australia

Ricardo plc, a world-class environmental, engineering, and strategic
consulting company, has today signed an agreement to acquire Inside
Infrastructure, a privately held consultancy business based in Adelaide,
Australia, for an undisclosed consideration. The agreement includes the
acquisition of the entire business, operating assets, and employees, and will
expand Ricardo's environmental capabilities across Australia.

Inside Infrastructure provides environmental and technical advisory services
through its team of 25 specialists, supporting the water, utility, mining,
resources, healthcare, infrastructure, and government sectors in developing,
delivering, and managing their projects and assets.

Inside Infrastructure's customer base complements Ricardo's existing presence
in water and utilities as well as offering Ricardo the opportunity to expand
into adjacencies through a strong customer base in mining and Australian
government sectors. Ricardo's existing Australian business has a broad
expertise in upstream policy and consultancy services. The acquisition will
build on this and extends its implementation capability.

Graham Ritchie, Ricardo CEO, said:

"Ricardo's continued investment in the environment sector aligns with the
significant global demand to address climate change and deliver more ambitious
action on decarbonisation.

"Inside Infrastructure fits well within all the characteristics of our
investment strategy - it's environmentally led and strengthens our current
market position as well as opening into new growth sectors."

The contract is subject to customary closing conditions and is expected to
conclude within the next month.

 

About Ricardo

Ricardo plc is a world-class environmental, engineering, and strategic
consulting company listed on the London Stock Exchange. With over 100 years of
engineering excellence, we provide exceptional levels of expertise in
delivering leading-edge and innovative cross-sector sustainable products and
solutions, helping our global customers increase efficiencies, achieve growth
and create a clear and safer future. Our mission is clear -- to create a world
fit for the future. For more information, visit www.ricardo.com
(http://www.ricardo.com/) .

 

About Inside Infrastructure

Inside Infrastructure is an independent Australian consulting company
providing advisory services. Founded in 2010, the firm provides advisory
services to the government, utility (water) and mining sectors.  Key skills
are in strategy, regulation and policy, planning, technical assessment,
investment appraisal and asset management. www.insideinfrastructure.com.au
(http://www.insideinfrastructure.com.au)

 

Further enquiries:

  Ricardo plc                                               Tel:      01273 455611
    Natasha Perfect, Group Marketing and Communications     Website:  www.ricardo.com

 SEC Newgate                                                Tel:      020 7680 6882
 Elisabeth Cowell / Ian Silvera / Isabelle Smurfit          E-mail:   ricardo@secnewgate.co.uk

 

 

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