DUBLIN/LONDON: Origin Enterprises plc, the international Agronomy-Services group, announced the acquisition of Neo Environmental Limited (Neo).
Neo is a multi-disciplinary consultancy business that provides market-leading planning, environmental and technical advice to a range of clients, primarily in the energy and infrastructure sectors across the UK & Ireland.
Origin Enterprises Chief Executive Officer, Sean Coyle, said: “The acquisition of Neo Environmental aligns with our strategy to broaden the Group’s amenity, environmental and ecological portfolio and enhances our ability to deliver on our ambition of promoting sustainable land use.
In addition to clients in the energy and infrastructure sectors, as subsidy regimes change, we expect farmers will continue to assess alternative uses for less productive agricultural land. Neo, in conjunction with our existing ecological specialist business Keystone Environmental, will ensure we are positioned to provide an enhanced range of consulting and advisory services. We are delighted to welcome Neo to the Origin Group and look forward to working with the team.
Following the completion of our €20 million share buyback programme this week, which has seen a cumulative €60 million returned to shareholders via share buybacks in the last two years, we expect our near-term capital deployment will be focused on further bolt-on acquisitions, strategic capex to drive organic growth and our progressive dividend policy.”
Neo Environmental Limited (‘Neo’) is a market-leading planning and environmental consultancy business providing advice for all development types across the UK and Ireland. Having advised on over 800 projects to date, Neo has a strong industry track record and has won multiple awards for work completed on over 4GW of renewable energy projects since the company’s foundation in 2012.
Origin Enterprises plc is an international Agronomy-Services group, providing specialist advice, inputs and digital solutions to promote sustainable land use. The Group has leading market positions in Ireland, the United Kingdom, Brazil, Poland, Romania and Ukraine. Origin’s ordinary shares are listed on the Euronext Growth (Dublin) market of Euronext Dublin and the AIM market of the London Stock Exchange.