LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a scheme…
CAMBRIDGE: Science Group plc (AIM: SAG) reported a dramatic surge in first-half profit, fueled primarily by a highly profitable strategic investment, alongside resilient underlying operations despite economic volatility. Key Highlights (H1 2025 vs H1 2024): Operational Performance: While the exceptional Ricardo gain dominated the headline profit, underlying trading showed resilience. Revenue growth was led by…
LONDON: WSP Global Inc., a leading professional services firm, has agreed to acquire British engineering and environmental consultancy Ricardo PLC in a deal valued at approximately £281 million ($358 million). Under the terms of the acquisition, Ricardo shareholders will receive 430 pence per share in cash, representing a 28% premium over Ricardo’s closing price of 335 pence on June…
LONDON: Science Group, the international science & technology consultancy and systems organisation, has acquired a material shareholding in Ricardo plc. At market close on 27 February 2025, Science Group owns approx. 5.26 million shares in Ricardo, equivalent to 8.46% of the voting rights. The Ricardo shares were acquired through open market purchases between 16 and…
LONDON: Ricardo Plc has announced the conditional sale of its Ricardo Defense Business to Proteus Enterprises LLC and Gladstone Investment Corporation, through GPD Acquisition Inc., for $85 million. The decision follows a thorough process by Ricardo’s Board. Key Points: Ricardo Defense is being sold to Proteus and Gladstone for $85 million. This figure is adjusted…
LONDON, UK: Ricardo plc, a world-class environmental, engineering, and strategic consulting company, has signed an agreement to acquire Inside Infrastructure, a privately held consultancy business based in Adelaide, Australia, for an undisclosed consideration. The agreement includes the acquisition of the entire business, operating assets, and employees, and will expand Ricardo’s environmental capabilities across Australia. Inside…
LONDON: Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world, a news release said. Detroit, Michigan -The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System / Electronic Stability Control…