Design and engineering consultancy WYG is to create one of the largest planning businesses in the UK following the acquisition of Alliance Planning for £3.2m in cash.
Leeds-based WYG said Alliance Planning is one of the UK’s fastest-growing independent planning consultancies and provides planning advice on every aspect of development.
Its customers include York-based housebuilder Persimmon, Sheffield-based construction firm Henry Boot and a number of housing associations, city and county councils.
WYG said the acquisition will be immediately earnings enhancing.
Half the consideration for the acquisition is payable in cash on completion with the balance due on the anniversary of completion.
WYG also announced a strong trading update yesterday. The order book, which stood at £86.8m in March, now stands at £95.5m.
The group said revenue will begin to accelerate in the second half.
Operating profit at the half year is expected to be more than 10 per cent higher and it said operating profit for the full year will be modestly ahead of market estimates of £5.25m.
Significant wins in the half year include the award of a place on the MOD’s four year Principal Support Provider framework for services to the Defence Infrastructure Organisation.