Hyder鈥檚 East Asian division agrees 拢3.25m deal for architecture consultancy ACLA.
Hyder Consulting has acquired Asia-based architecture consultancy ACLA for an initial consideration of 拢3.25m.
Hyder鈥檚 East Asian division has agreed a deal with Hong Kong group Jetside Limited for the acquisition of ACLA, a masterplanning and landscape architecture consultancy. ACLA operates primarily in China and Hong Kong, but also has offices in Singapore, Dubai and India.
The deal, scheduled for completion on 26 July 2006, also involves a further payment of up to 拢2.1m over three years, dependent on future business performance.
ACLA鈥檚 turnover for the year to 31 December 2005 was approximately 拢2m, with pre-tax profits of 拢0.7m.
Hyder has also issued a trading update, indicating that trading in the first quarter is in line with expectations.
