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30/04/2010

Gleeds Announces Revamp Of Its Energy Business

Gleeds, the international construction management consultancy is to restructure its Energy business, expand and invest in new operations following a top level strategic review of the direction of the company.

As well as continuing in the nuclear sector, Gleeds is to further develop its operation in Petrochemical, Oil and Gas (on and offshore), sustainable energy solutions and wider strategic investment in energy related infrastructure projects.

Part of the re-structuring will be to bring together the separate units of Energy and Engineering into a single focused business unit, Gleeds Energy Limited. As well as creating a larger critical mass this shall position the business for expansion, enable shared core skills and generate opportunities internally and externally as the business expands.

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"This is a very exciting development," said Ian Miller, the Managing Partner with overall responsibility for Gleeds Energy. "For some time we have been keen to grow this part of the Gleeds operations and with the uncertain economic future we have had to put these plans on hold. Now we feel that the time is right to look at increased investment in both people and resources to expand our operations and draw on our considerable experience. The investment will be funded out of our existing budgets with new expertise and skills brought in from outside to help develop the business."

The Energy operation has been run as a separate subsidiary of Gleeds since 2005 and part of the new revamp will see an extension of Gleeds Energy expertise to new territories including the US and Asia where Gleeds already has a presence.

Mr Miller said: "The Energy business is an exciting and fast growing sector and we are keen to mirror the dynamic nature of the market. Hence we will need to re-align our management team based in Warrington to leverage the skillbase of those with Global experience and look to supplement this with new talent and we expect there to be some movement of staff from our operations in China and the US in due course. Our business has not grown at the rate it deserves and we are looking to expand and diversify."

(CD/GK)

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