| dbo:abstract |
Ricardo-AEA Ltd, trading as Ricardo Energy & Environment, was formed on November 8, 2012, when Ricardo acquired the business, operating assets and employees engaged in the business of AEA Technology Plc (AEAT, in administration) (AEA Europe), for a total cash consideration of £18.0 million. The acquisition saw the AEA Europe business, including an operational staff of approximately 400 located at five UK sites, transferring to Ricardo where it began to operate as Ricardo-AEA under the continued leadership of Robert Bell, reporting to Martin Fausset, managing director of Ricardo UK. Based on its most recent reported results, the assets acquired generated, for the year ended 31 March 2012, annual revenues of £39 million and delivered operating profit margins similar to those of the rest of the Ricardo group. (en) |
| rdfs:comment |
Ricardo-AEA Ltd, trading as Ricardo Energy & Environment, was formed on November 8, 2012, when Ricardo acquired the business, operating assets and employees engaged in the business of AEA Technology Plc (AEAT, in administration) (AEA Europe), for a total cash consideration of £18.0 million. (en) |
