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Mouchel Consulting lined up for sale

Kier has announced it is planning the sale of Mouchel Consulting just over a year after completing the acquisition of the Mouchel Group business for £265m.

The 2015 acquisition came with the Enterprise Mouchel highway maintenance contracting business, which has been incorporated into Kier Highways and Mouchel's business services operation has been merged with Kier's facilities management business.

The remaining Mouchel Consulting highway design, civil engineering and transport planning consultancy is being lined up for sale because it does not provide a long term strategic fit with Kier's core business, a trading statement from the company said this morning. Kier has a separate in-house construction and civil engineering design division.

Mouchel Consulting has made £8m in earnings before interest and tax deductions for the year to July 2016 and the company has about £25m of assets, the Kier statement said.

 

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