RNS Number:4055P
Morgan Sindall PLC
3 January 2002



MORGAN SINDALL PLC

                      ("Morgan Sindall" or "the Group")


         Completion of acquisition of Pipeline Constructors Group plc

                          ("Pipeline Constructors")



The Board of Morgan Sindall is pleased to announce that it has completed the
acquisition of Pipeline Constructors, a provider of utilities services. The
consideration is #16.45 million, satisfied by a mixture of #9.29 million of
cash and #7.16 million loan notes. The Pipeline Constructor's acquired balance
sheet includes some #0.75 million cash.



This strategic acquisition, which is earnings enhancing in the first financial
year, brings considerable scale to the Group's growing Infrastructure Services
division, Morgan Est. The Board believes that the combination of the two
businesses will provide long term quality earnings flow and create one of the
leading providers in the expanding utilities sector.





                                                                3 January 2002





ENQUIRIES:


Morgan Sindall plc                                           Tel: 020 7307 9200
John Morgan, Executive Chairman
John Bishop, Finance Director

College Hill                                                 Tel: 020 7457 2020
Kate Pope
Morgan Sindall (LSE:MGNS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Morgan Sindall Charts.
Morgan Sindall (LSE:MGNS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Morgan Sindall Charts.