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Balfour Beatty Acquisitions In Utility Services And Electronic Access Control Systems

Walgrave, a privately owned company, will become part of Balfour Beatty Power Networks, the Group’s international overhead power line and cabling arm. Security International will become part of Andover Controls, the US building management control systems designer and controller.

Walgrave works principally with East Midlands Electricity and 24 Seven. It has current annual sales of approximately £20 million which are anticipated to grow in future years as annual contracts are extended and the market expands, as a result of both increased outsourcing and the growth of the privately-financed street lighting market.

The acquisition broadens Balfour Beatty’s existing portfolio of skills in the growing utility services market. This includes Balfour Beatty Power Networks with annual sales of approximately £120 million and John Kennedy and Kentons with combined current annual sales of approximately £160 million. Kennedy and Kentons supply upgrade and maintenance services to the gas and water markets.

Security International is a provider of single source electronic access control solutions to the security systems market. Together with Integral Technologies, acquired in July 2000, it will form a new security system division within Andover Controls.

The acquisition provides enhanced market access and a strong management team with extensive experience in the US distribution network for access control and related systems and products.

Commenting today, Balfour Beatty Chief Executive, Mike Welton, said: “These acquisitions further enhance our capability in two important growth markets. In both cases we are acquiring sound businesses with good customer relationships and first-class management and technical capability”.

ENDS

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Tim Sharp
Tel: +44 (0)20 7216 6884