Subsidiary acquires south coast firm Young & Butt
WS Atkins has bought a firm of surveyors and commercial property consultants based on the UK’s south coast.
Atkins subsidiary, Lambert Smith Hampton Group, has acquired Young & Butt which has an annual turnover of £2.1m and gross assets of £0.9m.
Atkins said the acquisition complimented LSH’s network of UK offices increasing their number to 30.
Yesterday the Atkins revealed that its profits for the six months to the end of December had been hit by problems at its Metronet joint venture. Metronet wiped off £1.4m from the consultants profits which stood at £2.7m.