The break-up of what was once one of Britain's biggest outsourcers will near its conclusion this week when the former jewel in Interserve's crown is sold to a French industrial group
The break-up of what was once one of Britain's biggest outsourcers will near its conclusion this week when the former jewel in Interserve's crown is sold to a French industrial group.
Sky News has learnt that Altrad Group has agreed to buy RMD Kwikform, Interserve's global equipment services arm, in a deal that is expected to be announced on Thursday morning.RMD has been involved in a number of construction projects. Pic: RMD RMD Kwikform has been involved in various stages of construction at HS2, Crossrail, Battersea Power Station and the new nuclear power station at Hinkley Point.
The division employs more than 1,300 people, and is chaired by Ken Hanna, a prominent figure in blue-chip British boardrooms.Mr Hanna was recruited with the objective of securing an orderly sale of the business, and is expected to stay on the group board until the end of the year to oversee a number of formalities.More from Business
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