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Renew Holdings - Acquisition of Forefront Group Limited

Renew, the Engineering Services Group supporting UK infrastructure, announces that it has agreed to acquire the entire issued share capital of Forefront Group Limited, an engineering services business focused in the gas infrastructure market, for a cash consideration of ?14.8m. The acquisition has been funded from the Group's cash resources and a four year term loan of ?12m provided by HSBC Bank plc and will be earnings enhancing to Renew.

Brian May
Chief Executive

Company Events - RENEW HOLDINGS PLC