VolkerLaser, part of the VolkerWessels Dutch construction group, has bought family-run waterproofing and concrete repair contractor Quickseal out of administration for £300,000.
VolkerLaser said the purchase has kick started its ambitious growth plans to expand its mainly civil engineering based portfolio following its re-branding last year as part of the VolkerWessels UK group.
Volker Laser said it intends to retain the majority of Quickseal’s staff and honour contracts held with long term clients.
Mike Weaver, managing director of VolkerLaser, said: "VolkerLaser and Quickseal work in similar sectors and in some cases the same sectors. What this asset transfer will do is provide VolkerLaser with additional skills and experience in the building/construction side of the market, where our existing portfolio concentrates on the civil engineering market”. Alan Robertson, chief executive of VolkerWessels UK, added: "Investment in the UK construction market is undertaken with much greater caution than previously, but we believe that Quickseal has excellent credentials to build on. "The lower overheads we can offer as a group in the UK, as well as our economies of scale and buying power, will provide a solid base for the business to prosper further. The new skills and a wealth of experience will also add value to the existing specialist knowledge within the VolkerLaser business."
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