Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Costain buys traffic management firm SSL for £17m

Costain has bought highways technology company Simulation Systems Limited for £17m.

SSL was established in 1979 and provides integrated hardware and software for traffic monitoring and management.

Its clients include Highways England, Transport for London, the Scottish and Welsh governments and several local authorities. Managing director Louis Thompson and other senior figures will stay with the business.

Costain chief executive Andrew Wyllie said: “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.

“This transaction will further broaden our ability to deliver innovative technology-based solutions to meet the increasingly complex requirements of our major blue-chip customers in energy, water and transportation.”

SSL’s products include traffic control equipment, CCTV systems, controls for the management of traffic in tunnels, and pedestrian crossing signals.

Costain said last month that it would also expand its oil and gas decommissioning work.

In March it reported growth in pre-tax profit of 16 per cent in the year to 31 December 2015 – the fifth consecutive year of in which it posted a profit.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.