Asbestos industry buyout grows North East firm
A North East asbestos management firm has taken over a key industry rival, and looks set to take on new clients across the country as a result.
Lucion Environmental recently acquired Tyneside based AOH Limited for an undisclosed six-figure sum.
The acquisition will give Lucion a presence in the East Midlands, to compliment existing offices in Crawley, Wolverhampton, Chester, Lisburn, and headquarters in Gateshead.
30 staff will make the transition from AOH to Lucion, bringing the total workforce of the firm to 85, and raising the turnover from £4m to £5.5m.
Founder and managing director Dr Patrick Morton remarked that this move would allow Lucion to expand at a much faster rate.
He said: “AOH is a long-establioshed, solid and well regarded name within our industry, and our ambition is to enhance the services offered by their offices, by adding our own brand of dynamism and forward thinking attitudes.
Since 2002, Lucion has provided asbestos surveying and management, occupational hygiene and environmental surveying.
AOH’s training and health and safety department will also be added to Lucion’s services, providing opportunity to increase revenue by bringing services in-house that had previously been contracted out.
Dr Morton went on to say: “Bringing AOH’s training resource into our group also add significant weight to the services we can offer, and we’re very confident that this deal will lead to a real step change in our operations through the acquisition of new customers, and expansion of the work we do with existing clients.”
This was posted in Bdaily's Members' News section by Tom Keighley .
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