3 October 2018 | Marino Donati
Interserve is to sell its infrastructure and industrial access and hard services business to Enigma Industrial Services Holdings.
It will sell the business for around £3.6 million with the potential for further cash consideration of £1 million, subject to meeting certain financing targets for the financial years 2018 and 2019.
The sale concludes Interserve's exit from its industrial contracting activities.
The business includes Interserve's provision of scaffolding services to housebuilders and other contractors as well as its SIP (scaffolding, insulation and painting) services to large industrial sites.
Scott Hardie will continue to lead the business as managing director.
Interserve chief executive Debbie White said: "We are pleased to announce the sale of the access and hard services business as part of Interserve's strategy to focus on core customer segments."