Carillion has acquired infrastructure investment group John Laing鈥檚 facilities management business
John Laing today announced that it had sold John Laing Integrated Services (JLIS), the group鈥檚 support services and facilities management business, to Carillion, with the completed on 18 October.
John Laing said the disposal underlined its continued strategic focus on its core business of bidding for, investing in and managing infrastructure projects.
鈥淎s a result, the future prospects for growth of JLIS activities falls outside the core John Laing business model,鈥� the firm said.
All staff currently employed in JLIS have transferred to Carillion.
Following the sale, John Laing now employs a total of 222 staff in its focused investment management divisions.
Adrian Ewer, chief executive of John Laing, said: 鈥極ur decision to dispose of JLIS underlines our commitment to our principal investment and asset management activities.
鈥淛LIS has made significant progress over the last few years, but it no longer fits within our core strategy.
鈥淲e are confident that under its new ownership, the business will see future growth within the public sector and benefit from being a part of an integrated support services company.鈥�
No comments yet