Kier makes a move for Stewart Milne construction arm
Both firms confirmed that talks are taking place and that the deal could be completed as soon as the end of the month.
Kier said “Kier Group can confirm that early discussions have taken place with the Stewart Milne Group concerning the possible acquisition of some of the activities of their construction division whose geographical spread, well-established reputation and customer base could provide a good fit with Kier’s own construction business.
“However, at this stage there can be no certainty that a transaction will take place.”
Steward Milne said “We are carefully considering this and will be undertaking a period of due diligence. This is due to begin in the next week and is targeted to be completed by the end of March. We cannot provide any further information.
“Should this go ahead it would allow the Stewart Milne Group to focus on expanding and developing its successful house building and timber frame operations across the UK.”