The Innovation Group snaps up Hampshire-based environmental management firm
Acquisition of Marishal Thompson & Co promises key strategic benefits
The Innovation Group, a Hampshire-based provider of transformative business software, has signaled its intention to expand by acquiring design and environmental management company Marishal Thompson & Co.
Under the terms of the deal, which is worth more than £5m, Marishal Thompson & Co will be absorbed into the Innovation Group’s northern European division, and will handle the Innovation Group’s existing subsidence claims business.
However, MT will continue to operate as a stand-alone business, and the company’s managing director, Paul Thompson, will retain his present position.
Andy Roberts, chief executive of The Innovation Group, described MT as “an excellent strategic acquisition for the Group and for our UK subsidence business in particular.
“As one of the UK’s largest providers of subsidence claims management services, MT’s unique and unrivalled solutions will help us to further differentiate our own offering in this marketplace.”