International water industry publisher, Global Water Intelligence (GWI), has featured an article on RSK’s recent and strategic acquisition of Binnies (previously Black & Veatch’s water businesses in Europe and Asia).
GWI described the purchase as “a bold strategic move in RSK’s quest to become a leading international water player.” Binnies joined the RSK group on 18 January 2021, with RSK Chief Executive Officer Alan Ryder describing the acquisition as “without doubt one of the most significant deals in RSK’s history”. It is an exciting move, advancing RSK’s climate change agenda, strengthening its presence in the water sector, and expanding its geographical reach.
Alan told GWI that “the group’s pro forma revenues immediately following the deal will be around £500 million”, while he expects “around a third of the enlarged company’s revenues to come from water by 2025.” This will go some way to meeting RSK’s 2025 growth plans and diversification ambitions: to become the largest privately-owned environmental and engineering business in Europe; to turn over £1 billion annually; and employ 10,000 people.
Binnies’ excellent and long-standing relationships with clients across the sectors, as well as ECO-X, its innovative digital performance intelligence ecosystem, will prove major assets for the wider RSK group.
The GWI article continues to highlight further synergies between Binnies and the wider RSK group, including key opportunities with fellow RSK business, Nicholas O’Dwyer. The Irish consulting engineering practice joined the RSK group in March 2020 and boasts significant water engineering experience and expertise.
“We will continue to implement our technology offerings in the water leakage sector and our service offerings for dams and reservoirs, utilising state-of-the-art satellite imaging technology,” Scott Aitken, Managing Director of Binnies in Europe, told the publication. The business recently launched its Intelligent satellite-based Dam Monitoring System, iDMS, with Rezatec.
Earlier in January, at the time of acquisition, Scott commented, “As climate change and biodiversity loss accelerate worldwide, water is becoming increasingly valuable. The acquisition by RSK will further strengthen our offering to clients.”
Subscribers can read the article in full on the Global Water Intelligence website.