The £572million purchase of Alfred McAlpine Plc will make Carillion Plc one of the biggest support service businesses in the UK.
Carillion said on Tuesday it had completed the acquisition of Alfred McAlpine after the Office of Fair Trading had confirmed on Friday that it would not be referring the deal to the Competition Commission.
John McDonough, Carillion chief executive, said: 'The acquisition of Alfred McAlpine is a major milestone in Carillion's development.
'The combined Group will be one of the UK's foremost support services businesses, with significantly enhanced capabilities to provide integrated solutions for services, buildings and infrastructure, from private finance to life-time asset management.
”With an order book in the region of £20 billion and well established positions in a wide range of growth markets, Carillion is well placed to continue its strong momentum in 2008 and over the medium term.”
Carillion has an annual revenue of around £4 billion and is already one of the UK’s leading support services and construction companies, employing more than 40,000 around the world.
Its work covers initial design through to ongoing facilities management and support services.
Alfred McAlpine has more than 8,500 employees and numerous high profile clients include
ABRO, BAA, Network Rail, Atkins and Transco.
The cash and share deal will see Alfred MacAlpine shareholders receive 1.08 New Carillion Shares and £165.4 in cash per share