Acquisition of Nuclear Safety Consultancy SR

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Hyder Consulting plc, a leading multi-national design and engineering consultancy, has acquired SR³C, an independent nuclear safety business. The move is the latest strategic acquisition by Hyder Consulting as part of its rapid growth in the energy sector. Previous UK acquisitions in the last three years have added major hazards safety and reliability and power systems study capabilities to Hyder’s list of specialist services. The combined business has established clients in the nuclear, oil and gas, renewables, transmission and distribution, and defence sectors, including EDF Energy, Babcock Marine, AWE, National Grid, Scottish Power, Vattenfall and a wide range of international oil and gas companies.     

“The SR³C transaction was the third deal where we have engaged the BDO Transaction Services Team. They were able to provide a consistent team which helped with speed and efficiency of the work and the reporting process. The report produced by BDO is always of a high quality, but more importantly is the effort that the team put in to make sure that the fundamentals are right, BDO did not let up until they were satisfied, which gave us real comfort that we understand what we are buying.”          

Nick Bellew, Hyder Consulting (UK) Limited, UK Regional Financial Controller