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John Laing sells services and facilities management business

Carillion has bought support services and facilities management business John Laing Integrated Services (JLIS). The acquisition is part of JLIS parent John Laing's decision to focus on its core business of bidding for, investing in and managing infrastructure projects.

John Laing sold JLIS to concentrate on three core divisionsJohn Laing sold JLIS to concentrate on three core divisions

John Laing said that as a result of its continued strategic focus, the future prospects for growth of JLIS' activities fell outside its core business model.

All staff currently employed in JLIS have transferred to Carillion.

Earlier this year, John Laing reorganised itself into three core divisions to reflect the changes in its principal target infrastructure markets:

  • Primary Investment activities, which involve sourcing, bidding for and winning greenfield infrastructure projects
  • Secondary Investment activities, involving holding operational infrastructure projects, most of which are originated by the group’s Primary Investment business
  • Asset Management services to both the group’s Primary and Secondary investment portfolios

Commenting on the disposal, Adrian Ewer, chief executive of John Laing, said: ‘Our decision to dispose of JLIS underlines our commitment to our principal investment and asset management activities. JLIS has made significant progress over the last few years, but it no longer fits within our core strategy.

"We are confident that under its new ownership, the business will see future growth within the public sector and benefit from being a part of an integrated support services company."

Author: Maureen Gaines, Editor, WET News Find on Google+
Topic: Contractors
Tags: asset management , infrastructure , mergers & acquisitions , Contractor

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