Kier completes acquisition

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Construction group Kier has said today it had completed its £221 million acquisition of infrastructure and maintenance company May Gurney.

The firm trumped a rival offer from Costain earlier this year to clinch the deal.

The acquisition brings Kier’s business into Scotland, where May Gurney holds public sector contracts through its Turriff subsidiary.

In an update on trading, Kier said its construction arm had secured £1.4 billion of contracts in the current financial year, while its services branch had added £400m of new business.

Kier also has a property arm with a combined £1.4bn housing and development pipeline.