Acquisition
September 29 2006 - 6:22AM
UK Regulatory
RNS Number:6951J
Braemar Seascope Group PLC
29 September 2006
Braemar Seascope Group plc ("the Group")
Acquisition of Hi-Bar
The Board of Braemar Seascope Group plc is pleased to announce the purchase of
Hi-Bar by its wholly-owned subsidiary company, DV Howells Limited.
Hi-Bar is an environmental services business operating in the same field as DV
Howells from premises near Gatwick. It has 3 employees and has built up a strong
reputation giving advice and consultancy to a number of the Oil Majors.
DV Howells, acquired by the Group in March 2006, is one of the leading UK
environmental services businesses providing services primarily for the marine
sector but also to the rail network, police forces, the Ministry of Defence and
others. It has 27 employees based in the UK at offices in Milford Haven,
Stansted, Rotherham, Huddersfield, Falmouth, Didcot and Perth. The addition of
Hi-Bar will complete DV Howells' UK incident response coverage by adding a base
in the important south eastern sector, spanning the Greater London region with
the Stansted base in the North.
The Group will pay cash of #125,000 on completion and a further #225,000 over
the next 24 months to the current owners who include some of the staff joining
the Group.
Quentin Soanes, Business Development Director of Braemar Seascope Group plc,
commented, "We are delighted to be bringing Hi-Bar and DV Howells together, the
two companies are a natural fit and marks a very positive step in building up an
environmental services arm within a broadly-based shipping services group."
ENDS
For further information, contact:
Braemar Seascope Group plc www.braemarseascope.com
Quentin Soanes Tel 020 7535 2650
James Kidwell Tel 020 7535 2881
Aquila Financial
Peter Reilly Tel 020 7202 2601
Charles Stanley Securities
Philip Davies Tel 020 7149 6457
Notes to Editors:
DV Howells has been one of the UK's leading names in hazard management since the
1950s.
An approved contractor to the Ministry of Defence and the Maritime and
Coastguard Agency, the Company was the first in its field to achieve ISO9001 and
the highest level of Environment Agency accreditation.
DV Howells has developed three core areas of expertise:
* Incident response
DV Howells has a 24 hour emergency response line and a network of specialist
incident teams on permanent standby, handling any emergency from oil spills to
motorway accidents.
* Operational support
DV Howells provides a range of ongoing services to transport and industry
including waste disposal, graffiti removal and industrial tank cleaning.
* Specialist services
DV Howells has accredited training programmes and consultancy advice to help
emergency response teams make the right decisions in the critical few hours
after an incident.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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