Dunedin-backed CET acquires CTS for £3m

Katharina Semke
04 May 2016

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Dunedin-backed testing and outsourcing business CET has acquired materials tester Construction Testing Solutions (CTS) for ТЃ3m.

The acquisition was funded by the company's own cashflow. CET stated the bolt-on will enable it to expand its geographical reach across the UK, where it can now provide clients from the construction sector with a nationwide infrastructure outsourcing service.

With Doncaster-based CTS, CET aims to capitalise on increasing construction activity in the north of the UK, which is set to rise over the next decade as a result of the National Infrastructure Plan, the Northern Powerhouse Project and the Transport for the North initiative.

The acquisition forms part of CET's expansion programme, which saw its revenues and EBITDA increase by 75% over the past three years. In addition to acquisitions, the company also invested in its IT capabilities.

Previous funding
Dunedin backed the management buyout of CET in 2005.

Company
Founded in 2006 and based in Doncaster, CTS undertakes specific material testing, establishing the suitability of materials and construction control parameters. The business's range of services includes site investigation, selection of materials, compliance and control tests, technical support, ensuring full end-product compliance, and results interpretation.

People
CET – Bob Blunden (CEO).
Dunedin – David Williams (senior partner).
CTS – Jon Hardcastle, Kevin Tonge (managing directors).