Costain has acquired of SSL, a provider of technology-based solutions, primarily for the highways sector, for £17 million.

SSL provides integrated hardware and software-based solutions across a broad spectrum of traffic monitoring and management requirements. SSL has an established blue-chip customer base including Highways England, Transport for London, the Scottish and Welsh governments and a number of English county and city councils. SSL's senior management team, including Louis Thompson, Managing Director, will remain with the business.


In the year ended 31 March 2015, SSL generated revenues of £15.1 million and EBITDA of £2.0 million.

Andrew Wyllie CBE, Chief Executive of Costain, commented: "We are delighted to announce the acquisition of SSL which is in-line with our stated objective of accelerating the growth of business through a combination of organic and acquisitive growth."

(CD)