Frazer-Nash Consultancy has been acquired by KBR
Babcock International Group, the international aerospace, defence and security company, is pleased to announce that it has entered into a definitive agreement with KBR for the sale of its wholly owned subsidiary Frazer-Nash Consultancy Limited.
Headquartered in the UK, Frazer-Nash Consultancy delivers innovative engineering and technology solutions across a broad range of critical national infrastructure, helping to provide assurance to operators and regulators from a network of nine UK and four Australian locations. The consultancy, which has grown strongly since Babcock acquired it in 2007, employs around 900 people.
The sale forms part of Babcock’s targeted disposal programme, which aims to generate at least £400 million of proceeds in the next twelve months. Frazer-Nash Consultancy is an outstanding business which provides independent advice to its customers and on that basis has operated largely independently from Babcock. Proceeds from this transaction will be used to reduce net debt.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Will Evans.