New date and venue
for MCERTS 2011 The organisers of MCERTS 2011 are delighted to announce that this year’s event will now take place at the Telford International Centre, on 30th & 31st March.
Previous MCERTS events have taken place near Burton, Staffs, but the new, larger venue will provide improved facilities for exhibitors and visi- tors and is serviced by excellent transport links.
Event organiser Marcus Pattison explained: “We are delighted to be able to bring the MCERTS event to Telford. The International Centre will provide greater room for the conference, exhibition and workshops, enabling everything to take place in a single hall and providing room for further growth in the future.”
The event will focus on regulations, techniques, standards and technologies that relate to emissions monitoring. The main conference will focus on recent and forthcoming regulations, including the new Industrial Emissions Directive, Operator Monitoring Assessments (OMA) and the MCERTS monitoring certification scheme.
Visit
www.mcerts.uk.com for registration details.
May Gurney acquires Turriff, a multi-utility provider, and strengthens geographical coverage
May Gurney, the infrastructure support services company providing essential maintenance and enhancement services to clients in the public and regulated sectors, is pleased to announce that it has acquired Turriff Group Limited (“Turriff”), one of Scotland’s largest utility infrastructure maintenance companies, for a cash consideration of up to £13.6 million.
Under the terms of the transaction May Gurney will pay an initial cash consideration of up to £8.6 million, with a further £5 million payable over three years dependent upon a number of key performance indicators being met, including future revenue targets and key employee retention. In addition, May Gurney is assuming approximately £9.4 million of debt.
This acquisition delivers key benefits to May Gurney: • Further strengthens its position in the utilities maintenance market and gains entry to the £2.4 billion support services market in Scotland, with opportunities in local government and rail.
• May Gurney gains access to the UK’s regulated £1.7 billion gas marketplace which is displaying strong and sustained growth with dependable, long-term income streams.
• Turriff’s acquired order book is approximately £90
million, with available extensions worth up to an additional £70 million. Its key long-term clients include Scotia Gas, Scottish Water and Scottish & Southern Energy.
• The transaction is expected to be earnings accretive in the first full year of acquisition.
• Potential to achieve cost synergies of circa £0.3 million per annum.
• The transaction further underpins May Gurney’s existing £1.4 billion forward order book and long term earnings visibility.
Headquartered in Aberdeen, Turriff has more than 550 employees and is one of Scotland’s largest utility infrastructure maintenance companies with market- leading positions in gas, water, electricity and multi- utility services.
Under the terms of the deal, key members of Turriff’s senior management team have been incentivised to remain with the business.
May Gurney Chief Executive Philip Fellowes-Prynne commented:
“We are delighted to welcome Turriff to the May Gurney group. Turriff will provide access to the power and gas maintenance sectors, the Scottish support services market and consolidates our position in water. These are all key growth markets with dependable, sustainable income streams which will provide us with significant opportunities to develop long-term relationships with new clients.
ENVIRONMENT INDUSTRY MAGAZINE |9|
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