Skip to main content
Facilitate Magazine: Informing Workplace and Facilities Management Professionals - return to the homepage Facilitate magazine logo
  • Search
  • Visit Facilitate Magazine on Facebook
  • Visit Facilitate Magazine on LinkedIn
  • Visit @Facilitate_Mag on Twitter
Visit the website of the Institute of Workplace and Facilities Management Logo of the Institute of Workplace and Facilities Management

Main navigation

  • Home
  • News
    • Comment
    • People
    • Reports
    • Research
  • Features
    • Analysis
    • Features
    • Round Tables
    • Webinars
  • Outsourcing
    • Contract Finder
    • Contracts
    • FM Business Models
    • Interviews
    • Mergers & Acquisitions
    • Opinion
    • Procurement
    • Trends
  • Know-How
    • Explainers
    • Legal Updates
    • White Papers
  • Jobs
  • Topics
    • Workplace Services
      • Hospitality
      • Catering
      • Cleaning
      • Front of House
      • Grounds Maintenance
      • Helpdesk
      • Mailroom
      • Manned Guarding / Security
      • Pest Control
      • Washroom Services
      • Disaster Recovery
      • Specialist Services
    • Professional Performance
      • Behavioural Change
      • Continual Professional Development
      • Education
      • Management
      • Recruitment
      • Training
    • Workplace Performance
      • Benchmarking
      • Health & Wellbeing
      • Operational Readiness
      • Procurement
      • Security
      • Workplace User Experience
      • Workplace Culture
    • Compliance
      • Health & Safety
      • Risk & Business Continuity
      • Standards
      • Statutory Compliance
    • Building Services
      • Architecture & Construction
      • Asset Management
      • Building Controls
      • Building Fabric
      • Drinking Water
      • Fire Protection
      • HVAC
      • Landscaping
      • Mechanical & Electrical
      • Building Security
      • Water, Drainage & Plumbing
    • Technology
      • Building Information Modelling
      • CAFM
      • Data & Networks
      • Document Management
      • Information Management
      • Internet of Things (IoT)
      • Software & Systems
    • Energy management
      • Energy Management Systems
      • Electricity
      • Gas
      • Solar
      • Wind
    • Sustainability
      • Environmental Quality
      • Social Value
      • Waste Management
      • Recycling
    • Workspace Design
      • Agile Working
      • Fit-Out & Refurbishment
      • Inclusive Access
      • Lighting
      • Office Interiors
      • Signage
      • Space Planning
      • Storage
      • Vehicle Management / Parking
      • Washroom
    • Sectors
      • Corporate Office
      • Education
      • Healthcare
      • Manufacturing
      • International
      • Retail
      • Sports & Leisure
      • Regions
  • Buyers' Guide
Quick links:
  • Home
  • Topics
News
Sectors
Infrastructure
Mergers & Acquisitions

Costain picks up M&E provider Promanex

Open-access content Monday 22nd August 2011 — updated 2.38pm, Tuesday 5th May 2020
generic - Promanex
23 August 2011

Engineering and construction group Costain has bought industrial support services business Promanex for £16.4 million.

Promanex provides facilities management, installation, repair and maintenance, and general asset management in a number of high growth, specialist markets, including power, petrochemicals and nuclear.

Around 75 per cent of the company's revenue is generated from long-term contracts and the business has a robust order book and strong pipeline of opportunities, according to a statement from Costain.

The acquisition of 100 per cent of the issued shares in the company is being funded from Costain's cash resources.

Based in Warwickshire, Promanex operates across the UK and Ireland with a workforce of more than 800 maintenance employees. Clients are mostly major blue chip customers, including Phillips, EDF, E.ON, Magnox, RWE, Scottish and Southern Energy, Siemens and Total.

The business provides management, operation, maintenance and repair of customers' sites and plant assets. Services include hard and soft FM, water treatment and civil and industrial services - specialist industrial cleaning and outage support, power station materials handling, bi-product systems and emission treatment systems.

For the year ended 30 September 2010, Promanex reported revenue of £56.2 million with an operating profit of £1.8 million. Gross assets as at 30 September 2010 were nearly £21 million.

Promanex, to be integrated into Costain's infrastructure division, will retain its management team "to ensure a successful integration and continued growth in the business", the statement noted.


Other news for Tuesday, 23 August 2011:

Costain picks up M&E provider Promanex

Balfour Beatty buys up fit-out firm OPL

Aliance wins four school catering extensions
Sainsbury’s and Arcus renew FM deal

UK plc positive about future

Where’s your caravan?http://http//www.bifm.org.uk/bifm/blog/1/81



Also filed in:
Topics
News
Content
Sectors
Infrastructure
Mergers & Acquisitions

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Today's top reads

 

Latest Jobs

Project Leader (Maternity Cover One Year Contract)

Cambridge
Circa £50,000 Pro Rata + Benefits & Opportunities
Reference
56378

Maintenance Supervisor

Surrey
Up to £43,000 + Excellent Package & Opportunities
Reference
56376

Regional Facilities Manager

South West England
Circa £40,000 + Benefits & Opportunities
Reference
56375
See all jobs »

 

 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to print

Sign up to receive our bi-monthly magazine

Subscribe
Facilitate magazine cover, June 2020
​
FOLLOW US
@Facilitate_Mag
Facilitate Magazine
Facilitate Magazine
CONTACT US
Contact us
Tel: 020 7880 6200
​

IWFM

About IWFM
Become a member
Qualifications
Events

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to Facilitate Magazine
Write for Facilitate Magazine

General

IWFM Jobs
Help

© 2022 • www.facilitatemagazine.com and Facilitate Magazine are published by Redactive Media Group. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ