Enterprise plc acquired for £385m

Madrid-based Ferrovial has purchased Enterprise plc in a deal worth £385m, six years after it was taken private by 3i for £700m.

The acquisition strengthens Ferrovial's footprint in the UK services sector, doubling its presence in the country where it operates under the name Amey.

“This acquisition fits with our strategic objective of profitable growth through selective acquisitions and it enables us to expand our services business,” said Íñigo Meirás, CEO of Ferrovial. “The deal will strengthen the operations currently conducted via Amey.”

Amey, acquired by Ferrovial in 2003, is a major player in the UK market in services to transport and social infrastructure. It works with public and regulated clients in a range of sectors, including justice, aviation, central government, education and transport. It has over 11,000 employees.