Ricardo acquires AEA Europe for environmental consulting 12 November 2012

Ricardo has acquired the UK operations of AEA Technology, which was spun out of the Atomic Energy Authority in 1996, from the administrators for £18 million.

The acquisition will see AEA Europe, including 400 staff at five UK sites, transferring to Ricardo, where it will operate as Ricardo-AEA.

Robert Bell will continue to lead the organisation, reporting to Martin Fausset, managing director of Ricardo UK.

The acquisition brings Ricardo additional and complementary environmental consulting capabilities, and the directors say that Ricardo's international network will now allow AEA Europe to develop as a more global business.

In addition, AEA Europe's links with government organisations are expected to enhance Ricardo's relationships in this direction.

"I'm delighted to be able to welcome AEA Europe and its employees to Ricardo," states Ricardo CEO Dave Shemmans.

"AEA Europe has a strong reputation for its technical capabilities and has a pre-eminent position in advising on and developing major environmental policies," he continues.

"This acquisition supports our ongoing strategy and marks the continued development of Ricardo as the global multi-industry supplier for high quality strategic, technical and engineering services."

And Robert Bell, managing director of Ricardo-AEA, adds: "I am extremely pleased that AEA Europe has become part of Ricardo. The transaction both secures the future for AEA Europe and provides a platform for its continued success and growth as a part of the global Ricardo organisation."

Brian Tinham

Related Companies
AEA Technology Plc
Ricardo UK Ltd

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