Industry News HubRenew Holdings has acquired the parent company of power drilling contractor PBU in a deal worth up to £50m. The AIM-listed engineering services group said it has bought Porter Brothers Holdings through its wholly owned subsidiary Excalon Holdings. Renew paid an initial £31.1m in cash,…
The post Renew buys specialist power contractor for up to £50m appeared first on Construction News.
Renew Holdings has acquired the parent company of power drilling contractor PBU in a deal worth up to £50m. The AIM-listed engineering services group said it has bought Porter Brothers Holdings through its wholly owned subsidiary Excalon Holdings. Renew paid an initial £31.1m in cash,…
The post Renew buys specialist power contractor for up to £50m appeared first on Construction News.