Ricardo announces acquisition of AEA Technology for £18m

Ricardo has acquired the business, operating assets and employees engaged in the business of AEA Technology (AEA Europe) for a total cash consideration of £18m.

AEA Europe is an environmental consultancy providing technical consultancy services to the UK public sector, the European Commission, international agencies and private-sector organisations.

Ricardo said the acquisition will provide it with a consulting capability comprising a strong global potential based on scientific and technical excellence.