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Moretrench Inc Acquisition update


Further to its announcement on 5 January 2018, Keller today announces that it has acquired the entire issued share capital of Moretrench Inc., a geotechnical contracting company operating predominantly along the east coast of the US, from its employee shareholders for US$90.0m. At the end of February, the business had net cash of US$4.3m. For further information please read their press release http://www.keller.com/media/press-releases/2018/2018-03-29.aspx . 15/18.


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Beakaert Maccaferri: bm-underground.com