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Mouchel Parkman bags Hornagold & Hills in £50M buying spree

Mouchel Parkman has bought leading edge project manager Hornagold & Hills, software and systems specialist Traffic Support Ltd and water specialist Ewan Group.
The acquisitions are valued at nearly £50M and will see Mouchel Parkman staff numbers rise by nearly 500 to 6,800.Total reported revenues in the last year for the three businesses being subsumed is £30M. Mouchel Parkman turnover for 2005-6 was £374M. The purchases put it among the top 5 UK consultancies.'We have reached an extremely important stage in our plans for growth' said Mouchel Parkman chief executive Richard Cuthbert. 'This further differentiates our offer in the property, water and highways markets and the unique perspective of each of the firms we have acquired gives us the opportunity to champion future strategic and technological developments in those markets in which we operate.'Find out more about Mouchel Parkman at Civils 2006 which takes place from 28-30 November in Olympia in London. www.civils.com

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