Ricardo plc has signed an agreement to acquire Inside Infrastructure for an undisclosed consideration. The agreement includes the acquisition of the entire business, operating assets, and employees, and will expand Ricardo’s environmental capabilities across Australia.
Graham Ritchie, Ricardo CEO, said: “Ricardo’s continued investment in the environment sector aligns with the significant global demand to address climate change and deliver more ambitious action on decarbonisation. Inside Infrastructure fits well within all the characteristics of our investment strategy – it’s environmentally led and strengthens our current market position as well as opening into new growth sectors.”
The contract is subject to customary closing conditions and is expected to conclude within the next month.