M&A

Concrete frame specialist Morrisroe has moved into the piling sector with acquisition of GSS Piling and Geostructural Solutions. The deal was revealed on Friday by CN's sister title Ground Engineering. Morrisroe had been tipped to buy Cementation Skanska last year. It has since cooled on the deal, according to GE, because…

Spie was forced to take a £9.2m loss when it sold its distribution and transmission business to Keltbray last June. The French-owned firm's 2018 accounts revealed Keltbray paid Spie £697,000 for the contracts and associated assets of the loss-making business, despite the contractor valuing them at £9.9m. In spite of the loss…