Acquisition expands representation

Cardno Limited has announced the acquisition of Grogan Richards Consulting Engineers. Grogan Richards is a 110-person Melbourne headquartered civil, structural, hydraulic, traffic and transportation consulting engineering business.

The new Victorian firm, to be known as Cardno Grogan Richards, is expected to contribute around $16 million per year in turnover and be EPS positive.

Cardno Limited managing director Andrew Buckley said the acquisition will increase the company's presence in the Victorian market and allow the company to continue to grow its business.

"With the addition of Grogan Richards, Cardno will have much stronger representation in the Victorian marketplace "“ boosting engineering staff numbers and providing increased capability to serve Victorian clients' needs. This will allow Cardno to offer more services to our existing client base. Likewise, Grogan Richards' clients will be able to benefit from accessing the resources of a global business," said Buckley.