Organic growth abroad and infrastructure work boost groundworks firm, which also announces two acquisitions

UK-based groundworks specialist Keller has revealed that it is on track to deliver record results for 2008.

In an interim management statement, the firm said that its financial results will be at the top end of market expectations, thanks to growth in overseas markets and its involvement on public infrastructure projects.

It reported very strong trading in the period 1 July to 12 November and good organic growth in Eastern Europe, the Middle East and Australia.

Keller said that revenues from the US are still strong despite the deterioration in commercial markets.

The group also announced its acquisition of Texan contractor Olden and Czech foundations specialist Boreta for £14m.