Exova’s latest buy takes firm into new sector

 
Caitlin Morrison
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TESTING and advisory firm Exova Group has bought environmental testing company Environmental Evaluation (EEL) for an undisclosed amount.

Oldham-based EEL employs 83 staff and specialises in asbestos management services for the nuclear decommissioning industry.

Edinburgh-based Exova said the deal would extend its geographical reach and capabilities in the UK, “as well as opening up growth opportunities in new market segments”.

According to the company, demand for environmental testing has increased as organisations aim to meet increasingly stringent national and international regulations. Exova said it is now “well positioned to capitalise on this demand through its comprehensive range of services”.

Ian El-Mokadem, Exova chief executive, commented: “We have successfully integrated a number of businesses into our group over the past 15 months. This deal further underlines our strategy of extending the reach of our business and developing our service offering through strategic acquisitions.”

Shares in Exova closed down by 0.33 per cent yesterday.