Lanes snaps up Irish group Arlo
Lanes Group has acquired Irish group Arlo, owner of drainage, industrial and waste management services provider AQS Environmental Solutions, for an undisclosed sum. It is Lanes' second acquisition since November 2015, when wholly-owned subsidiary UKDN Waterflow (LG) acquired the business and certain assets of UKDN Waterflow (in administration) and UKDN Waterflow Technical Services (in administration).
Tipperary-based Arlo Group comprises AQS Environmental Solutions and Acorn Recycling, a sludge-to-compost recycling company. AQS Environmental Solutions provides a wide range of specialist drainage services to local authorities, private industry and residential customers across Ireland. The management team at AQS Environmental Solutions will remain in place. The company has 60 employees, and has a particularly strong presence in wastewater tankering, as well as waste management.
The acquisitions create a group of companies with 1,703 staff, 27 operating centres and five utility hubs.
Richard Leigh, business development director of Lanes Group, said: "Both acquisitions deliver new business opportunities that are an excellent strategic fit, both with our current services, and our plans for growth.AQS Environmental Solutions has sound finances, a strong brand, and a good reputation with customers in Ireland. Acquiring the company helps us achieve a strategic ambition to extend our geographical reach, where it is financially and operationally prudent to do so.
"UKDN Waterflow (LG) has a depot network which geographically broadly complements the depots we already had, and helps us to deepen our presence and capabilities in key sectors, notably highways and rail.It has also given us the opportunity to re-enter the insurance drainage maintenance and repair market, where UKDN Waterflow (LG) Ltd has a strong presence.”
UKDN Waterflow (LG) Ltd has 254 employees, who have joined Lanes Group under TUPE regulations.Leigh said key priorities in establishing UKDN Waterflow (LG) have been to meet customers and staff across the UK and give clear assurances about Lanes Group's commitment to the business, and plans for its development.
He added: "I am pleased to report that the feedback from customers has been very positive, with customers novating agreement and contracts that will allow us to build the business in 2016.”
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