Grontmij sells Trett Consulting

ENGINEERING consultancy Grontmij has sold its Trett Consulting business to Driver Group.

The firm, which has its UK headquarters in Leeds, announced today that it will receive £3.6m in connection with the sale of its UK dispute resolution and contractual advice consultancy. Driver Group is a global construction consultancy.

Trett’s services are considered as “non-core” to Grontmij’s operations focused on the delivery of engineering consultancy services, said the firm.

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It added that the sale will “further facilitate Grontmij’s focus on realising profitable organic growth”.

John Chubb, managing director of Grontmij in the UK, said the disposal of Trett is “another move in the restructuring work stream as we focus on our core markets and core capabilities”.

He added: “I believe that the acquisition by Driver of Trett is a good fit and that represents value to both companies.”

In 2011, Trett’s revenues were about £ 14m, while the company employs some 70 employees.

Christian Mayo and Giles Taylor of KPMG in Leeds asdvised Grontmij.

Mr Taylor, KPMG corporate finance director, said: “We are delighted to have advised Grontmij in the UK on this strategic divestment from its business to Driver. It’s the latest in a string of transactions for us in the property and construction consulting space in which we have built sector leading expertise.”

The Yorkshire office of law firm Dickinson Dees advised Driver Group on the deal.