Rossendale-based Driver Group has acquired a construction management firm Initiate Consulting in a deal worth £5.3m.
Following the announcement, former Conservative MP Steve Norris will join the company's board as a non-executive director. Norris was once parliamentary under-secretary of state for transport and minister for transport in London, becoming responsible for the Jubilee Line extension, the largest extension of the London Underground network to date.
The acquisition takes Driver's headcount to 440. Dave Webster, chief executive of the Driver Group, said: "This acquisition provides a tremendous opportunity to provide a broader offering in the very important infrastructure market both in the UK and overseas. I would like to welcome Initiate's CEO, David Law, to our executive board and Steve Norris to the group board and very much look forward to working with them to grow Initiate's services across the global footprint we have established in Driver Group."
Enjoyed this? Read more from Lancashire Business View