Construction firm makes £3.7m double swoop

Nottinghamshire-based listed construction services firm nmcn has bought Lintott Environmental Technologies (LET) which has a wholly owned subsidiary called Lintott Control Systems (LCS) in a deal worth up to £3.7m

LCS is a process solutions provider. The company specialises in the design, manufacture and aftercare of digitally integrated factory-built, water and wastewater treatment systems, process software and systems integration.

For the year ended 31 December 2018, LCS turned over £8.5m with a loss before tax of £998,140. David Owen and Jamie Thums will remain directors of both acquired businesses, with Mark Davy assuming the role of operational lead for LCS.

nmcn chief executive, John Homer, said: “The strong cash position we’ve been able to build in recent years has enabled us to take the next step in broadening our offering to the water sector.

“The acquisition of Lintott Environmental Technologies & Lintott Control Systems is an extremely exciting opportunity and a commercially viable deal. This acquisition offers an excellent opportunity for nmcn to strengthen and expand our already established offering to the UK Water Industry and potentially other markets in the future in providing Off-Site Build, Chemical Dosing Systems, Motor Control Centres, and Control Systems.

“The acquisition complements our full asset lifecycle management offering to the water sector in offsite manufacture, production and maintenance of assets. We look forward to progressing our product offering combining our own experience with the newly acquired colleagues, skills and expertise to reinforce our market leading position in this sector.”

Owen said: “We were attracted by the market opportunity and business development opportunities presented by joining nmcn. We look forward to supporting the wider business in achieving its growth objectives and in delivering exceptional customer service.”