We are the world's largest independent ground engineering specialist, renowned for providing technically advanced and cost effective foundation solutions. Our reputation is built on engineering excellence and a commitment to continual innovation.

Our services are used across the construction sector in infrastructure, industrial, commercial, residential and environmental projects. We have unrivalled coverage in Europe, North America, Australia, and South Africa and a growing presence in Asia, the Middle East and Latin America.

With an annual turnover of £1.5bn, we have around 9,000 staff world-wide with offices in more than 40 countries.

Our businesses
http://www.keller.co.uk/aboutkeller/businesses.aspx







Keller adds 7.3 percent after the engineering company reports first-half profits that more than trebled from a year ago.

"Keller's interim results show that the group is now back on the front foot after several difficult years of unprecedented volume declines in most of its key markets," Numis Securities says in a research note.

Numis maintains an "add" rating on Keller shares, while Investec keeps a "buy" rating, describing Keller's results as an "encouraging set of interims."

20 May Liberum Capital 955.00 Hold

Keller announces Placing of new ordinary shares

http://www.moneyam.com/action/news/showArticle?id=4611417

Proposed Acquisition of North American Piling

RNS


RNS Number : 7422G

Keller Group PLC

11 June 2013






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.



For immediate release 11 June 2013





Keller Group plc ("Keller" or "the Group")



Proposed Acquisition of North American Piling





Keller (LSE: KLR), the international ground engineering specialist, today announces the proposed acquisition of North American Piling from North American Energy Partners Inc. ("North American Energy Partners"), subject to shareholder approval.



Key Highlights



· North American Piling is a substantial Canadian foundations business, headquartered in Edmonton, Alberta, and has over 25 years' experience providing piling services, with a focus on piling in construction markets across Canada, including the Alberta oil sands region.



· North American Piling employs approximately 400 staff and, in the year ended 31 March 2013, the business reported revenue of CDN $236.5 million (£149.7 million) and operating profit of CDN $38.5 million (£24.4 million).



· The Acquisition is consistent with Keller's stated strategy and the Directors believe it will enhance the Group's offering by:

- bringing into the Group a market-leading business, positioned in growth markets offering attractive margins;

- increasing its exposure to the North American energy and resources sector;

- providing the opportunity to develop broader customer relationships and secure new customers;

- expanding its presence in the relatively under-developed Canadian geotechnical segment; and

- delivering attractive financial metrics, including an immediate and significant enhancement in earnings per share.



· The consideration will comprise an initial CDN$227.5 million (£144.0 million) on a cash and debt free basis, payable in cash on Completion and up to a further CDN$92.5 million (£58.5 million) of deferred contingent consideration payable in cash depending upon North American Piling's financial performance in the three years following Completion, giving a maximum aggregate consideration of CDN$320 million (£202.5 million).



· Keller is proposing to finance the Acquisition through the net proceeds of the Placing announced today, together with the drawdown of some of the available funds under the New Bank Facility and existing bank facilities.



Commenting on the Acquisition, Justin Atkinson, Chief Executive of Keller, said:



"The Board has identified Canada as a key target market and this acquisition of a complementary piling business represents an excellent opportunity to build substantially on Keller's existing presence in that market. North American Piling is a market-leading business with attractive margins positioned in growth markets, including the resource-rich regions of Western Canada. The business has a strong record of growth delivered by an experienced management team who are transferring to Keller. Importantly, the acquisition will be significantly earnings enhancing*."



* This should not be construed as a profit forecast. In particular, it should not be taken to mean that the earnings per share of Keller for the year ending 31 December 2013 will necessarily be higher than for the year ended 31 December 2012.

Broker snap: Panmure upbeat about Canadian purchase at Keller
By Benjamin Chiou

Tue 11 Jun 2013


Broker snap: Panmure upbeat about Canadian purchase at Keller LONDON (SHARECAST) - Panmure Gordon has hailed Keller's acquisition of North American Piling, but has kept its 'hold' rating for the FTSE 250-listed ground engineering specialist following a decent run this year.

The company announced on Tuesday that it has acquired North American Piling, a Canadian foundations business headquartered in Alberta, for an initial £144 plus a maximum deferred £58.5m. The move adds annual revenue of £150m and £24.4m in operating profit.

The acquisition is being part-funded by a placing to raise £58.7m with the balance being from debt.

Panmure analyst Andy Brown said: "The business being acquired has a strong recent record and appears to be well placed in the Alberta/oil sands/energy segment. Margin sustainability will be a key question but historical group North American margins have hit double digits."

He said that his initial estimates see the purchase being 10% enhancing to earnings this year and 12-15% next year. This suggests earnings per share of around 68p in 2013, rising to 80p in 2014.

Brown said: "A large Canadian piling acquisition that enhances presence in the region and increases group exposure to the energy sector looks to be a good move.

"[…] Fundamentally we are positive on the group's service offering and market positioning but with a full valuation and share price trading at two-year price/relative highs we thought the price had moved far enough. This explains our current 'neutral' stance."

A 900p target price for the shares has been maintained.

The stock was up 2.21% at 926p by 11:16, having risen over a third by the start of 2013.

Keller Group: Investec moves target price from 1000p to 1115p reiterating a buy recommendation.

You' v had a good run here DC well done.

Keller announces proposed acquisition of North American Piling
Tue 11 Jun 2013


Keller announces proposed acquisition of North American Piling LONDON (SHARECAST) - FTSE 250-listed international ground engineering specialist Keller has proposed the acquisition of North American Piling from North American Energy Partners, subject to shareholder approval.

North American Piling is a Canadian foundations business with headquarters in Edmonton, Alberta. In the year ended March 2013, the business reported revenue of CDN $236.5m (£149.7m) and operating profit of CDN $38.5m (£24.4m).

The group said that the acquisition would be consistent with Keller’s stated strategy and would enhance the group’s offering by bringing into the group a market-leading business, positioned in growth markets offering attractive margins. It said that the deal would also enable it to expand its presence in the relatively under-developed Canadian geotechnical segment.

The consideration would comprise an initial CDN$227.5m (£144m) on a cash and debt free basis, payable in cash on completion and up to a further CDN$92.5m (£58.5m) of deferred contingent consideration payable in cash depending upon North American Piling’s financial performance in the three years following completion, giving a maximum aggregate consideration of CDN $320m (£202.5m.

The group said that it would be proposing to finance the acquisition through the net proceeds of a placing of 6.6m new ordinary shares at 890p per share to raise £58.7m before expenses together with drawdown of some of the available funds under the new bank facility and existing bank facilities.

Justin Atkinson, Chief Executive Officer of Keller, commented: "The board has identified Canada as a key target market and this acquisition of a complementary piling business represents an excellent opportunity to build substantially on Keller's existing presence in that market."

He added: "North American Piling is a market-leading business with attractive margins positioned in growth markets, including the resource-rich regions of Western Canada. The business has a strong record of growth delivered by an experienced management team who are transferring to Keller. Importantly, the acquisition will be significantly earnings enhancing."

Keller’s share price was up 3.20% to 935p at 08:39 on Tuesday.

Keller Group: Citi raises target price from 755p to 960p, while reiterating a neutral rating.

A buy in this weeks IC - analysts at Investec securities have raised their forecasts for the year from 57.1p to 61.3p . Keller is expanding into North American market, and is well placed to capitalise on the explosive growth in oil sands exploration. At 943p, the premium rating of 15 times forecast earnings is justified.

21 Jun Liberum Capital 955.00 Hold

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 988.50. Over this period, the share price is up 176.70%.

25 Jun Numis 1,085.00 Add

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,011. Over this period, the share price is up 183.99%.

28 June 2013
Pre-close update

Pre-close Trading Update

RNS


RNS Number : 0577I

Keller Group PLC

28 June 2013








For immediate release Friday, 28 June 2013







Keller Group plc



Pre-close Trading Update







Keller Group plc ("the Group"), the international ground engineering specialist, is providing the following routine, pre-close trading update in advance of its results for the six months ending 30 June 2013, which are due to be announced on Monday, 29 July 2013.



Save for the proposed acquisition of North American Piling, which was announced on 11 June 2013 and in respect of which a general meeting is being held today to approve the acquisition, there have been no significant changes to the Group's trading or outlook since the publication of our Interim Management Statement on 15 May 2013.

Result of GM

Released : 28/06/2013



In addition to the passing of the above resolution, the Acquisition was conditional upon satisfying or obtaining Canadian Competition Act Clearance, as defined in the Circular to Shareholders dated 11 June 2013. This process is well underway and the Company still expects the Acquisition to complete by 15 July 2013.

http://otp.investis.com/clients/uk/keller/rns/regulatory-story.aspx?cid=170&newsid=350371


=====================================================


Keller

A pre-close update ahead of first-half figures due on 29 July sent Keller Group (LSE: KLR.L - news) shares down 28p (2.8%) to 983p by midday. There wasn't actually much in the announcement, other than a confirmation that things are still in line with last month's interim statement.

That update revealed that economic conditions in the firm's global markets are varied, but that it is optimistic about the construction business in North America. Overall, we were told "the board expects to see a continuation of recent progress".

Keller shares are up more than 150% over the past 12 months.

Keller Group PLC (KLR:LSE) set a new 52-week high during Monday's trading session when it reached 1,016. Over this period, the share price is up 175.44%.

No stopping this one either.Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,079. Over this period, the share price is up 176.72%.

Completion of Acquisition

PRNW



For immediate release Monday,15 July 2013







Keller Group plc



Completion of Acquisition of North American Piling




Keller Group plc ("the Group"), the international ground engineering
specialist, announces the completion of the acquisition of North American
Piling.


All the conditions precedent contained in the sale and purchase agreement
having been satisfied, including Canadian Competition Act clearance, the
acquisition completed as at close of business in Canada on 12 July 2013.

Near on £11 now.