Ricardo PLC Acquisition of Inside Infrastructure (8256D)
07 Mars 2022 - 8:00AM
UK Regulatory
TIDMRCDO
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 .
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
Further enquiries:
Ricardo plc Tel: 01273 455611
Natasha Perfect, Group Marketing Website: www.ricardo.com
and Communications
SEC Newgate Tel: 020 7680 6882
Elisabeth Cowell / Ian Silvera E-mail: ricardo@secnewgate.co.uk
/ Isabelle Smurfit
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