Hyder Consulting raises funds for acquisitions
Hyder Consulting has raised £3.1m through a cash placing of shares to fund three consultancy acquisitions.
The engineering design, advisory and management consultancy expects to purchase Ashact, Roberts and Partners International and Environmental Consultancy with its newly raised funds.
It also announced that trading has been ‘progressing in line with expectations’ during the first quarter, along with an order book that ‘remains strong’.
Tim Wade, chief executive of Hyder, said: ‘In line with our strategy, other in-fill acquisitions will follow in due course as we identify high quality, specialist consultancies that will consolidate our strong skill base and geographical coverage.’