International consultancy Arcadis is set to snap up UK QS and project manager for £16m.

Global firm Arcadis has made a recommended offer to buy UK firm AYH for £16m, it emerged today.

A statement released by AYH this afternoon confirmed the offer to buy all of AYH's share capital. The deal is expected to be finalised by the end of this month and includes an offer price of £16m with an earn out component that could reach a maximum of £5m.

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