US engineering firm KBR has bought Carillion’s share of its defence joint venture Aspire Defence.
KBR confirmed it had now completed a deal to take full ownership of Aspire Defence JV, following Carillion’s collapse in January.
Aspire Defence is currently carrying out one of the largest PFI deals ever let by the Ministry of Defence: the Project Allenby / Connaught programme (PAC).
The PAC deal, which Aspire won in 2006, is a 35-year programme to deliver accommodation and FM services across the MoD’s Salisbury Plain Training Area and Aldershot Garrison.
In 2016, the MoD extended Aspire’s PAC deal to cover the £1.1bn Army Basing Programme (ABP).
The ABP involves delivering housing and infrastructure for 4,000 services personnel at the Salisbury and Aldershot sites for when British forces withdraw from Germany in 2019.
Following the liquidation of Carillion, KBR took on operational control of the contract and services continued without disruption, the company stated.
Carillion’s senior management team was transferred to KBR, while 93 per cent of Carillion’s JV staff have now become KBR employees.
KBR president and CEO Stuart Bradie: “This acquisition and our commitment to maintain the stability of the project strengthens KBR’s long-standing relationship with the UK MoD as a core client.
“KBR has spent more than 12 years delivering this programme to re-house soldiers into fit-for-purpose accommodation and working facilities.”