Waste management specialist Augean has snapped up fellow industrial waste firm Colt in a £9.2million deal.
Augean said Colt will enhances its industry & infrastructure business unit, adding UK-wide industrial services coverage and complementing its existing service, treatment and disposal infrastructure.
Based in Hull and established over 25 years ago, Colt provides a broad range of industrial services, which complement Augean’s existing service offering, to a range of customers including major industrial companies, oil refineries, rail and utilities.
Through its Industry & Infrastructure and Augean North Sea Services business units, Augean has significant waste treatment and disposal infrastructure alongside a growing capacity for delivering client site industrial services. T
All 75 Colt employees will be transferred to the Group, including certain key executives, who will remain in the business under service agreements.
Chief executive Dr Stewart Davies, said: “We are delighted to announce the acquisition of Colt as we continue to strengthen Augean’s position in the UK hazardous waste management market.
Recommended for you
