Consultant agrees acquisition of building services firm based in the South-east

Consultant WSP Group has announced the acquisition of Charterhouse Building Services for £2.4m.

It has agreed to buy the building services and environmental design engineering firm for a cash consideration payable on completion.

Charterhouse’s unaudited financial results for the year ended 31 March show revenue of about £3.8m with pre-tax profit at £350,000.

Its gross and net assets are about £1.3m and £475,000 respectively.

Charterhouse has two offices in the South-east of England.

Commenting on the transaction, Chris Cole, WSP's chief executive officer, said: “The acquisition of Charterhouse brings to the group additional staff resources and new clients which will reinforce the services we offer in this important business area.”