Irish geotechnical engineering company Gavin & Doherty Geosolutions (GDG) has acquired an English company as it seeks to expand in the UK.
The company recorded a profit of €261,035 for the year ended December 31st, 2015, in its latest accounts filed with the Companies Office.
It said in a statement on Tuesday that it had bought consultancy Applied Geotechnical Engineering (AGE), which is based in south east England.
GDG, which has offices in Dublin, Belfast, Edinburgh and London, is involved in the analysis, design and construction of systems and foundations that are made of, or are supported by, earth materials such as soil or rock.
It had two directors and 16 members of staff on its books in its latest accounts. Staff costs amounted to €797,594 in 2015, while the directors, Kenneth Gavin and Paul Doherty, were paid €364,250 between them.
Mr Doherty, GDG managing director, said the acquisition was “another step towards realising our ambition of building a consultancy to provide the highest level geotechnical services throughout the UK, Ireland and further afield”.
“The acquisition will strengthen GDG’s market position throughout the UK but especially in the London area, where GDG is very active,” he said.
“While strengthening GDG’s strong knowledge base in its existing business sectors, it will also allow GDG to expand its consultancy service offering into the area of geo-environmental engineering.”
The company said the acquisition would bring a “wealth of experience” to GDG, as the personnel are “particularly highly regarded” as geotechnical engineers
“Founding directors Neil Smith and Mike Turner both bring a lifetime of geotechnical experience, a huge level of knowledge and a high-level of comfort to their existing client base,” it said.
“Through this acquisition, long-established AGE clients will now benefit from access to the wider resource pool at GDG, which comprises a team of highly-skilled engineering staff that can assist in providing an enhanced service.
“Conversely, existing GDG clients will benefit from the wealth of experience within AGE. GDG provides geotechnical engineering consultancy mainly to the infrastructure, marine, renewable energy and the commercial/industrial building sectors.”
