Bovis merger will generate £35m in annual savings

By Hamish Champ2020-02-27T07:58:00

Firm completed deal for Galliford Try’s housing arms last month

Vistry, the housebuilder formerly known as Bovis, said it expects to generate savings of around £35m a year once its £1.1bn merger with Galliford Try’s housing operations is fully bedded in.

Announcing its results for the year to 31 December 2019 today, the group said of the £35m annual savings, at least £20m a year is expected to come from streamlining the group’s regional and operational models.

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