Construction company Balfour Beatty has acquired contractor Dean & Dyball for £45 million to expand its presence in the southern half of England and Wales.
Dean & Dyball is a civil engineering and building business, based in Ringwood, Hampshire. In 2007, the company had a turnover of £262 million and profit before interest and tax of £4.5 million.
Balfour Beatty chief executive, Ian Tyler, said: "The acquisition of Dean & Dyball is the latest stage in our strategy of building leading positions in regional UK civil engineering and building markets following the successful acquisition and integration of Mansell, Birse and Cowlin.
"This transaction establishes a strong civil engineering base in an area where we currently have only a limited presence and adds further capability in the building sector."
According to Balfour Beatty, UK regional civil engineering and building markets are growing significantly.
Dean & Dyball has a range of key customers in both the private and public sector, Balfour Beatty said, including Network Rail, the Environment Agency, Thames Water, RNLI (Royal National Lifeboat Institute) and the Ministry of Defence.
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