Keller Group, the gound engineering specialist, has bought Singaporean foundation contractor Resource Holdings for 拢30.6m

The price, which includes 拢2m of debt, could rise by a further 拢22.4m depending on Resource鈥檚 future profit. Keller said the deal for the 拢52m-turnover company would help its long-term expansion in south-east Asia. Kevin Cammack, an analyst at Cenkos, said: 鈥淭his deal is typical Keller style: buying a strong local business on the way down at a good price with protection.鈥�

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