Costain acquires entire issued share capital of Promanex

UK engineering and construction group Costain has acquired 100 per cent of the issued share capital of Promanex, an industrial support services business, for £16.4m.

Based in Warwickshire, Promanex operates across the UK and in Ireland with a workforce of more than 800 maintenance employees.

The company’s client base consists largely of blue chip customers such as Conoco Phillips, EDF, E.ON, Magnox, RWE, Scottish and Southern Energy, Siemens and Total.