Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Taylor Woodrow And George Wimpey to merge

Contractor and house builder Taylor Woodrow will merge with house builder George Wimpey to create a company, Taylor Wimpey, with revenues of around £6.7 bn.
The firm says it will make £70M in synergy savings through the two companies, in addition to £25M in cost savings.The Boards of Taylor Woodrow and George Wimpey will merge under chief executive Peter Redfern. Norman Askew, Chairman of Taylor Woodrow said, 'This Merger provides both businesses with a unique opportunity to combine their respective strengths to create the largest UK housebuilder with a much improved position in the US, taking advantage of its medium and long term growth prospects.'Shares in both Taylor Woodrow and George Wimpey rose more then 10% in trading today.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.