Ground engineering specialist Terratest has announced that it has bought out US-based ground improvement and slope stability firm Geostructures.
Financial details of the acquisition have not been revealed but Terrtest has said that the deal supports the substantial organic growth achieved by its business since it was acquired by Platinum Equity in 2014.
“Geostructures is a company with an excellent reputation, experienced management team and highly qualified workforce,” said Terratest CEO Enrique Torres. “It’s a great fit for Terratest and provides an ideal entry into the US market as we continue growing our business. The combination will create many synergies and new opportunities for both companies.”
Geostructures founder and CEO Mike Cowell, who will continue to lead the US business, added: “Being part of the Terratest group will give us access to additional technology and intellectual capital, which will broaden the services we can offer our clients.”