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Systems Geotechnique drives piling growth with acquisition

FINANCE

THE SIZE of Systems Geotechnique's workload is set to increase by half after the specialist geotechnical contractor bought Fonded ile Foundat ions from Sir Robert McAlpine for an undisclosed fee.

St Helens-based Systems Geotechnique, which turns over about £10 million beat a number of other interested parties to acquire the assets and name of £5 million turnover Fondedile.

Systems Geotechnique managing director Bob Thompson said: 'Fondedile is strong in London and the south, whereas we've traditionally been strong in the north and Midlands, so there was a geographical fit.' Fondedile's staff were not included in the deal but Systems Geotechnique have hired the key site and technical employees, taking the workforce at the newly enlarged firm to around 100 people .

Fondedile is based at Sir Robert McAlpine's offices in Hemel Hempstead but the business is being moved to Alton in Hampshire to create a southern office for Systems Geotechnique.

Mr Thompson said: 'We want to be a market leader in restricted access piling and geotechnical contracting.' Fondedile, which works on mini-piling and jobs for Network Rail, has been going for 40 years.

Systems Geotechnique was only set up six years ago by Mr Thompson and fellow director Ian Trafford.