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RPS Group PLC Proposes Acquisition Of Norwegian Project Management Consultancy

Friday, 18 Oct 2013 02:00am EDT 

RPS Group PLC announced that it has entered into an agreement to acquire the entire share capital of OEC Consulting AS (OEC) and the outstanding minority shareholdings in three subsidiaries (taken together the OEC Group). The maximum consideration payable for OEC Group is NOK300 million (GBP31.5 million). The transaction will close following approval being granted by the Norwegian Competition Authority which is anticipated in approximately one month. All the shareholders in OEC and the subsidiaries are employees and will be remaining with the Group when the transaction closes. 

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