Ricardo Plc completes acquisition of PLC Consulting

LONDON: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, announced that further to the statement on 1st July 2019, it has completed the acquisition of the entire share capital of PLC Consulting Pty Ltd for a total maximum cash consideration of AUD 9.64 million, subject to any adjustment to reflect net cash balances and normalised levels of working capital, certain financial performance targets and retention of key staff.

The Board of Ricardo plc confirmed the launch of Ricardo Energy Environment & Planning. In accordance with the announcement on 1st July 2019, the company will operate as part of Ricardo’s Energy & Environment business, complementing and extending Ricardo’s existing energy and environment capabilities and services within the growing Australian market.

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