MOTT MACDONALD is looking for acquisitions in Asia and the US to turn itself into a global consultant, new chairman Tim Thirlwall said this week. The policy is to build around regional hubs which are not expected to rely heavily on the UK to supplement local expertise.
Thirlwall takes over as chairman this week, replacing Robert Beresford who has retired. He said acquisitions are likely to be with cash and shares. There are no plans to raise cash through a stockmarket flotation.
'We have a very strong balance sheet,' he said, adding that Mott MacDonald can raise enough from borrowings and reserves to buy a firm with 1,000 employees to bolt on to its present 4,000 employee operation.
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