Alfred McAlpine snaps up AIMS for £7.2m

Alfred McAlpine has acquired AIMS Group Services, a specialist advisory, training and technical services business focused on workplace compliance issues, for £7.2m.

In a statement, the company revealed that it had paid £5.9m in cash and 507,300 new Alfred McAlpine ordinary shares.

In addition, Alfred McAlpine has settled debt funding in AIMS of £5.9m and may subsequently pay further consideration of £0.8m.

The newly acquired business will be integrated into Alfred McAlpine's business services alongside Stiell Facilities, Stiell Networks and AMPL.